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Discussion and Debate
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Politics
American Politics
IRS Collected Another $360 Million from Delinquent Millionaires
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<blockquote data-quote="essentialsaltes" data-source="post: 77583455" data-attributes="member: 294566"><p><h3><a href="https://www.washingtonpost.com/business/2024/02/29/tax-returns-irs-millionaires/" target="_blank">Thousands of millionaires haven’t filed tax returns for years, IRS says</a></h3><p>Thousands of high-income earners have not filed tax returns for several years, but the cash-strapped Internal Revenue Service did nothing to get them to pay what they owe.</p><p></p><p>That changes now, the tax agency announced Thursday. The IRS will send notices to thousands of people who made more than $400,000 and did not file returns in at least one year from 2017 to 2022, the first step to collecting any tax owed.</p><p></p><p>About 25,000 cases involve people whose income is known to the agency to be above $1 million, IRS Commissioner Danny Werfel said. </p><p></p><p>As Congress slashed the IRS’s funding in the last decade, the agency’s shrinking staff did less to enforce tax compliance — including one of the most basic tasks, simply sending letters to people who fail to file their tax return. <strong>Werfel said the “non-filer program” last operated in 2016</strong>, with only sporadic attempts since then to contact non-filers.</p><p></p><p>hmmmm....</p></blockquote><p></p>
[QUOTE="essentialsaltes, post: 77583455, member: 294566"] [HEADING=2][URL='https://www.washingtonpost.com/business/2024/02/29/tax-returns-irs-millionaires/']Thousands of millionaires haven’t filed tax returns for years, IRS says[/URL][/HEADING] Thousands of high-income earners have not filed tax returns for several years, but the cash-strapped Internal Revenue Service did nothing to get them to pay what they owe. That changes now, the tax agency announced Thursday. The IRS will send notices to thousands of people who made more than $400,000 and did not file returns in at least one year from 2017 to 2022, the first step to collecting any tax owed. About 25,000 cases involve people whose income is known to the agency to be above $1 million, IRS Commissioner Danny Werfel said. As Congress slashed the IRS’s funding in the last decade, the agency’s shrinking staff did less to enforce tax compliance — including one of the most basic tasks, simply sending letters to people who fail to file their tax return. [B]Werfel said the “non-filer program” last operated in 2016[/B], with only sporadic attempts since then to contact non-filers. hmmmm.... [/QUOTE]
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IRS Collected Another $360 Million from Delinquent Millionaires
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