US EditionIRS launches crackdown on 125,000 wealthy 'non-filers'
- The IRS plans to target high-income earners who failed to file tax returns from 2017, involving hundreds of millions in unpaid taxes.
- The agency will send noncompliance letters to thousands earning over $1 million yearly and between $400,000 to $1 million annually.
- A notable campaign to pursue high-wealth tax evaders, funded by the Democrats' Inflation Reduction Act, aims to ensure fairness for all taxpayers.
27 Articles
27 Articles
US IRS launches crackdown on 125,000 unfiled high-income tax returns
The Internal Revenue Service (IRS) has set its sights on high-income earners who have neglected to file tax returns, with a targeted approach aimed at 125,000 cases since 2017. This is based on a Reuters report.
IRS turns to wealthy non-filers in push to get more tax dollars
The IRS said it expects to get hundreds of millions of dollars from high-income people who haven’t filed federal income tax returns under a new initiative in the agency’s fight to get the money it’s owed from wealthy taxpayers. The agency is using letters to target 125,000 cases of taxpayers with incomes of more than $400,000 who didn’t file returns between the years 2017 and 2021, according to a Thursday announcement. Letters to non-filers are …
IRS to Retrieve Potentially Hundreds of Millions of Dollars From Americans Who Failed to File Tax Returns
The Internal Revenue Service (IRS) announced a new effort aimed at boosting tax revenue from taxpayers who haven’t filed returns for several years, with the initiative expected to net at least hundreds of millions of dollars. The new initiative, announced on Feb. 29, focuses on 125,000 cases of taxpayers with annual incomes over $400,000 who didn’t file tax returns between 2017 and 2021. The IRS said it was tipped off by various types of third-p…
Associated Press News
IRS launches crackdown on 125,000 wealthy 'non-filers'
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017. The agency expects to collect roughly $100 billion in back taxes.
US IRS aims to collect on 125,000 unfiled high-income tax returns
US IRS aims to collect on 125,000 unfiled high-income tax returns The Internal Revenue Service said on Thursday it will crack down on high-income earners who have failed to file tax returns in 125,000 cases since 2017, resurrecting a non-filer enforcement program that was idled for years by past budget cuts. The IRS said that the $80 billion in funding over a decade from the 2022 Inflation Reduction Act has enabled it to hire sufficient staff t…
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