IRS going after Americans who earn up to $1M but don’t file taxes
The Internal Revenue Service is investigating 125,000 high-income Americans who earned more than $400,000 a year but failed to file tax returns between 2017 and 2021. Starting this week, about 25,000 people who earn more than $1 million a year in tax evasion will receive notices of noncompliance from the Internal Revenue Service. The IRS […]
IRS steps up campaign against wealthy tax cheats – USA TODAY
The Internal Revenue Service is stepping up its campaign against wealthy tax fraud, sending out letters this week in response to more than 125,000 cases involving high-income earners who have not filed returns since 2017. ing. Tax authorities said the cases collectively involved hundreds of millions of dollars in unpaid taxes. More than 25,000 compliance […]
Thousands of millionaires haven't filed tax returns for years, IRS says – The Washington Post
Thousands of high-income earners have not filed tax returns in recent years, but the cash-strapped Internal Revenue Service has done nothing to force them to pay what they owe. The situation has now changed, the tax authorities announced on Thursday. The IRS will send notices to thousands of people who earned more than $400,000 and […]
Actor Terrence Howard allegedly said it’s ‘immoral’ to tax ‘descendants of slaves.’ Now he owes nearly $1 million to IRS.
A federal judge has ordered actor Terrence Howard to pay $1 million in unpaid taxes, interest and penalties after he allegedly threatened a Justice Department attorney and said, “It is immoral for the United States government to tax the descendants of slaves.” Ordered to pay close to USD. The Philadelphia Inquirer reported.. What is your […]
IRS implements new enforcement measures in bid to crack down on tax cheats
The IRS is getting serious about pursuing tax fraud among the wealthy, announcing a series of new enforcement actions in recent weeks targeting wealthy Americans who don’t pay their taxes. The latest is a series of reminders aimed at high-income earners who simply refuse to fill out their tax returns, a group the IRS calls […]
IRS targets wealthy ‘non-filers’ with new wave of compliance letters – CNBC
IRS Commissioner Daniel Warfel speaks at an IRS event in McLean, Virginia, on August 2, 2023. Alex Wong | Getty Images The IRS has announced plans to target new letters to “non-filers,” starting with high-income taxpayers who have not filed a federal return since 2017. The agency will send letters to wealthy non-filers starting this […]
Direct file tax system opens to new users as IRS service levels improve
The IRS’ Direct File online tax filing system will be open to new users for a limited time starting at 5 p.m., the IRS announced Tuesday. This testing program is available to taxpayers in 12 states where it is being piloted by the IRS. These include New York, Texas, Florida, and California.You can access the […]
Laken Riley murder ignites demands to hire more CBP agents and redirect $15B Democrat IRS payday to border
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Corporate jet users brace for more IRS audits
Corporate jet owners and operators are upset about dozens of additional audits scheduled for later this spring, the Internal Revenue Service announced this week. Industry groups say jetliners have done nothing wrong, while tax experts say taxes on corporate perks like jets are being taxed to pursue the roughly $700 billion a year the IRS […]
Republicans would cripple the IRS by forcing its workers back into the office
In the bustling corridors of power where the future of American governance is being debated, a new battleground has emerged, both surprisingly intimate and all-important. It’s an office space for federal employees. The Internal Revenue Service, the linchpin of the federal government’s machinery, has become the epicenter of the debate, as Republican leaders have issued […]