Wait until they audit you and then pay a 10% fine?

Quote from rowenwood:

I have a friend who is part of a family with a fortune. According to my friend, the patriarch of this family never pays his taxes. Instead he waits until he's audited and then his team of lawers and tax accountants supposedly pay a comparitively nominal fee (if i remember correctly he said 10% of his unpaid tax debt) to satisfy the IRS until the next time they audit him- in few years- for tax evasion.

Do you know of this sort of behaviour? Can or will you give me the informed scoop on the IRS, tax evasion, tax lawers and whatever I'm not enquiring about yet should be? This information is very important to me, and I will be gratefull for all serious replies.

Thanks

must be an urban legend.
 
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