Credence
DP Veteran
- Joined
- Sep 30, 2019
- Messages
- 14,002
- Reaction score
- 21,140
- Location
- Long Island NY
- Gender
- Female
- Political Leaning
- Independent
Good. Without exaggeration my husband and have been audited multiple times without the IRS finding anything.
It is about time they actually go after those who have more than a little to hide !!!
Updated 5:27 PM EST, February 29, 2024
WASHINGTON (AP) — The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.
Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021.
The campaign announced Thursday is part of the agency’s ongoing effort to pursue high wealth tax cheats — mandated in part by funding provided through Democrats’ Inflation Reduction Act passed into law in 2022 and a directive from Treasury Secretary Janet Yellen to IRS leadership not to increase audit rates on people making less than $400,000 a year annually.
“When people don’t file a tax return they’re required to, it’s not fair to those hardworking taxpayers who responsibly do their civic duty under the laws of our nation,” IRS Commissioner Daniel Werfel told reporters Thursday morning.
Read more: https://apnews.com/article/irs-tax-season-audit-back-taxes-77c891313f5233366fbe4f6fb5d896e8
It is about time they actually go after those who have more than a little to hide !!!
Updated 5:27 PM EST, February 29, 2024
WASHINGTON (AP) — The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.
Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021.
The campaign announced Thursday is part of the agency’s ongoing effort to pursue high wealth tax cheats — mandated in part by funding provided through Democrats’ Inflation Reduction Act passed into law in 2022 and a directive from Treasury Secretary Janet Yellen to IRS leadership not to increase audit rates on people making less than $400,000 a year annually.
“When people don’t file a tax return they’re required to, it’s not fair to those hardworking taxpayers who responsibly do their civic duty under the laws of our nation,” IRS Commissioner Daniel Werfel told reporters Thursday morning.
Read more: https://apnews.com/article/irs-tax-season-audit-back-taxes-77c891313f5233366fbe4f6fb5d896e8
