IRS collects milestone $1 billion in back taxes from high-wealth …

Jul 11, 2024 · The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022.

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IRS Collects Milestone $1 Billion In Back Taxes From High-wealth …

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IRS Tops $1 Billion In Past-due Taxes Collected From Millionaires ...

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Jul 11, 2024 · Today’s announcement involves a segment of high-income individual taxpayer cases. Last fall, the IRS ramped up efforts to pursue high-income, high-wealth individuals who …

irs.gov

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IRS Collects Milestone $1B In Back Taxes From High-wealth …

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Jul 11, 2024 · The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats -- a milestone meant to showcase how the agency is making use of the …

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IRS Collects Milestone $1B In Back Taxes From High-wealth Taxpayers

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Jul 11, 2024 · Last fall, the IRS launched an initiative to collect from wealthy individuals who have not paid the taxes they owe. The agency identified about 1,600 taxpayers with more than $1 …

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IRS Collects $1 Billion In Back Taxes From Millionaires - Forbes

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Jul 11, 2024 · From 2016 to 2021, the IRS focused on auditing individual taxpayers with $10 million or more in income and those audits had an average adjustment of $124,389 per return. …

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IRS Collects $1B In Back Taxes From High-wealth Taxpayers

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Jul 11, 2024 · WASHINGTON (AP) — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the …

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IRS Collects Milestone $1 Billion In Back Taxes From High-wealth ...

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Jul 11, 2024 · The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part …

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IRS Collects Milestone $1 Billion In Back Taxes From High-wealth ...

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Jul 11, 2024 · WASHINGTON (AP) — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the …

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IRS Collects $1 Billion In Back Taxes From High-wealth Taxpayers

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Jul 12, 2024 · WASHINGTON — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is …

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IRS Collects More Than $1 Billion In Back Taxes From Wealthy

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Jul 11, 2024 · The Treasury Department and the IRS said Thursday over $1 billion has been collected in past-due taxes from high-income, high-wealth Americans. It was made possible by …

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IRS Collects Milestone $1B In Back Taxes From The Wealthy

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Jul 11, 2024 · The IRS announced Thursday it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the …

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IRS Collects Milestone $1B In Back Taxes From High-wealth Taxpayers

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Jul 11, 2024 · The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of …

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IRS Collects Milestone $1 Billion In Back Taxes From High-Wealth …

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Jul 11, 2024 · (AP) — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use …

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Revived IRS Says It Collected $1 Billion In Back Taxes From Wealthy ...

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Jul 11, 2024 · The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats–a milestone meant to showcase how the agency is making use of the …

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FAQs about IRS collects milestone $1 billion in back taxes from high-wealth … Coupon?

Did the IRS collect $1 billion in back taxes from high-wealth tax cheats?

You may occasionally receive promotional content from the Los Angeles Times. The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone the much-maligned agency hopes will help give it more sympathetic image. ...

Did the IRS collect $1 billion in past-due taxes from millionaires?

In a press release, the IRS announced the collection of $1 billion in past-due taxes from millionaires since 2023. That year, the agency launched an initiative to pursue high-income, high-wealth individuals who have failed to pay their recognized tax debt. ...

How much money does the IRS collect from high-wealth tax cheats?

More than half the world’s population sees AP journalism every day. The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022. ...

How much back taxes have been collected from the wealthy?

Treasury Secretary Janet Yellen said Thursday that more than $1 billion in back taxes have been collected from the wealthy under the Biden Administration's Inflation Reduction Act. A provision in the law added IRS personnel to specifically go after high-income, high-wealth people and entities for delinquent taxes. ...

How much money has the Internal Revenue Service collected from high-wealth taxpayers?

IR-2024-185, July 11, 2024 — As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today announced the agency has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes. ...

Why is the IRS pursuing high-wealth people?

Showing the public how much work the IRS is getting done is meant to give the much-maligned agency a more sympathetic image. As part of that effort, last year the IRS launched a series of initiatives aimed at pursuing high-wealth individuals who have failed to pay their tax debts. ...