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explain what actions the IRS should take to ensure that wealthy taxpayers pay their fair share of taxes.

Since high-income taxpayers often seek tax shelters to reduce their income tax liability by finding loopholes in the tax code, explain what actions the IRS should take to ensure that wealthy taxpayers pay their fair share of taxes. Support your position.

The IRS may pay awards to people who provide specific and credible information to the IRS if the information results in the collection of taxes, penalties, interest, or other amounts from a noncompliant taxpayer. If you were knowledgeable about unreported income or tax avoidance schemes of family members or friends, discuss how you would handle this situation. Indicate how your response might change if the noncompliant taxpayer was not a relative or friend.

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