




Millionaires, Corporate Jets and Crypto: IRS Unveils New Enforcement Initiatives https://t.co/U9Rv2jkF0C | by @FoxRothschild
The Internal Revenue Service has said it will go after 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, per Reuters.
IRS Non-Filer Enforcement Aimed at High-Income Taxpayers https://t.co/4jWYwe1mzH #tax #taxpayer #incometax @IRSnews https://t.co/P9rrG8Lmsj

The IRS has intensified its enforcement efforts aimed at high-income taxpayers and employee retention credits. A recent initiative has identified 125,000 high-income earners who have not filed tax returns since 2017, owing an estimated $100 billion in back taxes. This move, part of a broader strategy for aggressive oversight and enforcement, includes new enforcement initiatives focusing on millionaires, corporate jets, and cryptocurrency. The resurgence of the non-filer enforcement program, previously idled for years by past budget cuts, signifies the IRS's commitment to aggressive oversight.