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IRS Recovers $1.3B from Wealthy Tax Evaders
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Subscribe10 SEP 2024 / IRS UPDATES
The US Department of the Treasury and the IRS have collected $1.3 billion from high-wealth individuals who were evading their taxes. This action followed the implementation of the Inflation Reduction Act and targeted focus on non-filing high-income earners ($400,000 and over $1 million per year), utilizing third-party information and new digital tools for efficient tracking and collection processes, signalling a modern and stringent approach toward tax evasion.
The IRS is back in business, folks, and they’re not messing around. On September 6, 2024, the U.S. Department of the Treasury and the IRS announced at their Austin, Texas campus that they’ve raked in a whopping $1.3 billion from high-wealth individuals do...
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