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Special Assignment (Income Tax) #70581

ABC Evening News for Monday, Mar 16, 1981
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(Studio) Report introduced
REPORTER: Frank Reynolds

(NYC) Tax shelters examined. [IRS cmsr. aide James GOLATO - explains purpose of shelters.] Details with regard to IRS (Internal Revenue Service) declaration concerning abusive tax shelters outlined on screen, discussed. [Tax attorney Seymour REITKNECHT - recalls Bible scheme.] Other questions involved in audits examined; "tax compliance measurement program" (TCMP) explained. Case before Supreme Court involving TCMP recalled. [Former IRS (Internal Revenue Service) official Paul STRASSELS - comments on audit selection process.] Steve and Donna Terzuoli's case cited as example [Steve and Donna TERZUOLI - comment on audit.] Audit odds outlined on screen, explained. [GOLATO, STRASSELS - note purpose of audit.] Audit-related industry cited.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Reynolds, Frank
Duration:
00:04:20

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