The Internal Revenue Service (IRS) has launched an initiative to address tax non-compliance among high-income individuals. This latest effort targets over 125,000 instances where individuals with substantial earnings have failed to file federal income tax returns since 2017. Notably, this includes more than 25,000 cases involving individuals with incomes exceeding $1 million and over 100,000 cases of individuals with incomes ranging between $400,000 to $1 million for the tax years 2017 to 2021.
Funded by the Inflation Reduction Act, this campaign aims to bolster tax compliance and ensure fairness across the board. IRS Commissioner Danny Werfel emphasized the importance of this initiative, especially during tax season, stating, “At this time of year when millions of hard-working people are doing the right thing by paying their taxes, we cannot tolerate those with higher incomes failing to do a basic civic duty of filing a tax return.”
Dispatches From The Front 