Is the New IRS Wealth Squad Coming for You? Smart Money, Oct. 27, 2009 Being wealthy has its downsides, chief among them the higher risk of an IRS audit. Now, amid the continuing debate over whether the government is doing enough to combat financial fraud, comes news that gives the uber-wealthy – or maybe even the “merely” wealthy – yet another reason to fear Uncle Sam’s attention. In a speech before the American Institute of Certified Public Accountants, or AICPA, IRS Commissioner Douglas Shulman announced the recent formation of a new unit, dubbed Global High Wealth Industry Group, which will focus on the...