Tax & Spend
IRS Turns to Wealthy Non-Filers in Push to Get More Tax Dollars
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The IRS said it expects to get hundreds of millions of dollars from high-income people who haven’t filed federal income tax returns under a new initiative in the agency’s fight to get the money it’s owed from wealthy taxpayers.
The agency is using letters to target 125,000 cases of taxpayers with incomes of more than $400,000 who didn’t file returns between the years 2017 and 2021, according to a Thursday announcement. Letters to non-filers are set to go out this week.