(The following is an excerpt from our 1031 Advisor newsletter located here )
Audit Report of the Treasury Inspector General for Tax Administration to the IRS: Like-Kind Exchanges Require Additional Oversight [and Tax Audits] to Ensure Taxpayer Compliance. On Monday, September 17, 2007, the Treasury Inspector General for Tax Administration released an audit report. The audit was conducted from November 2006 to May 2007.
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