The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017. The initiative is starting this week with IRS compliance letters being ...
More than 125,000 IRS compliance letters will go out involving tax returns that haven’t been filed since 2017. That includes more than 25,000 taxpayers earning more than $1 million in income. The IRS ...
The IRS is getting serious about going after rich tax cheats, announcing a string of new enforcement measures in recent weeks aimed at wealthy Americans not paying what they owe in taxes. The latest ...
The Internal Revenue Service is well-known (some may say "infamous") for auditing tax returns for accuracy and pursuing tax debtors for payments. However, there is a third compliance area that has ...
The Internal Revenue Code outlines and identifies individuals and businesses who have a tax obligation to report income. A preeminent provider of news for tax and accounting professionals* published ...
IRS audits aren’t new and recent news is no exception. Due to an influx of funding from the Inflation Reduction Act (IRA), the federal tax agency has been cracking down on high-income and wealthy ...
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