According to an IRS document referenced in The Wall Street Journal, 323 taxpayers have been examined for failing to report possible gifts the last two years, 217 were being examined and another 250 more were being considered for review.
Some of the states providing information on real estate transactions are Connecticut, Florida, Hawaii, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Washington and Wisconsin. A chart in the document indicated noncompliance rates of 60% in Connecticut, 90% in Florida, 60% Nebraska, 100% in Ohio, 90% in Virginia, 80% in Washington and 50% in Wisconsin.
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