Current:Home > ContactIRS targets 1,600 millionaires who owe at least $250,000 -ProfitLogic
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-15 04:00:35
IRS Commissioner Danny Werfel announced Friday that the IRS is going after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.
Also on the IRS radar: Large partnerships; construction firms issuing sketchy paperwork to "shell" companies that kick back the money to the original contractor, schemes already spotted in Texas and Florida; and wealthy individuals who are not reporting and paying taxes associated with money held in foreign bank accounts.
veryGood! (49328)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- What is compassion fatigue? Experts say taking care of others can hurt your mental health.
- Pope joins shamans, monks and evangelicals to highlight Mongolia’s faith diversity, harmony
- Suspected robbers stop a van in Colorado and open fire; all 8 in van hurt in crash getting away
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Before summer ends, let's squeeze in one last trip to 'Our Pool'
- ACC adds Stanford, Cal, SMU as new members beginning in 2024
- Suspected robbers stop a van in Colorado and open fire; all 8 in van hurt in crash getting away
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Labor Day return to office mandates yearn for 'normal.' But the pre-COVID workplace is gone.
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- An Ode to Chris Evans' Cutest Moments With His Rescue Dog Dodger
- Hurricane Idalia looters arrested as residents worry about more burglaries
- HUD secretary learns about housing challenges during Alaska visit
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Biden to give Medal of Honor to Larry Taylor, pilot who rescued soldiers in Vietnam firefight
- Texas man pleads guilty to threatening Georgia public officials after 2020 election
- More than a meal: Restaurant-based programs feed seniors’ social lives
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Sting delivers a rousing show on My Songs tour with fan favorites: 'I am a very lucky man'
More than 85,000 highchairs are under recall after two dozen reports of falls
She said she killed her lover in self-defense. Court says jury properly saw her as the aggressor
Rylee Arnold Shares a Long
Mississippi governor’s brother suggested that auditor praise Brett Favre during welfare scandal
Powered by solar and wind, this $10B transmission line will carry more energy than the Hoover Dam
Margaritaville Singer Jimmy Buffett Dead at 76