IRS leaders say they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.
FILE - The exterior of the Internal Revenue Service building in Washington on March 22, 2013. The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.
No comparable figures exist for how those high-dollar tax collections compared with previous years, said Jodie Reynolds, speaking for the agency. Rather, the new data reflect an initiative that started after the agency received a new funding stream through the Inflation Reduction Act passed in August by Democrats.
The agency was in line for an $80 billion infusion under the law but that money is vulnerable to potential cutbacks. A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS. The IRS’s enforcement staff has shrunk by about one-third since 2010 and has been operating with outdated technology that the agency said it is gradually automating.
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IRS says it collected $38 million from more than 175 high-income tax delinquentsMany of those cases are expected to face criminal investigation.
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IRS says it collected $38 million from more than 175 high-income tax delinquentsThe IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency.
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IRS says it collected $38 million from more than 175 high-income tax delinquentsThe IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency.
Baca lebih lajut »
IRS says it collected $38 million from more than 175 high-income tax delinquentsThe IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency
Baca lebih lajut »
IRS: $38 million collected from more than 175 high-income tax delinquentsThe IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency.
Baca lebih lajut »
IRS says it collected $38 million from more than 175 high-income tax delinquentsThe IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. “It just shows you how much money is out there in delinquent taxes, and there are so many more cases for us to tackle,' said new IRS Commissioner Daniel Werfel, just four months into the job. Rather, the new data reflect an initiative that started after the agency received a new funding stream through the Inflation Reduction Act passed in August by Democrats.
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