Current:Home > MyIRS targets 1,600 millionaires who owe at least $250,000 -DataFinance
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-14 13:32:37
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! (71)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Abu Ghraib detainee shares emotional testimony during trial against Virginia military contractor
- WNBA draft recap: Caitlin Clark goes No. 1 to Fever, plus all the highlights, analysis
- Morgan Price on her path to making history as first national gymnastics champion from an HBCU
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Golden Bachelor’s Theresa Nist Responds to “Angry” Fans Over Gerry Turner Divorce
- Supreme Court to examine federal obstruction law used to prosecute Trump and Jan. 6 rioters
- Trump Media stock slides again to bring it nearly 60% below its peak as euphoria fades
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Randal Gaines defeats Katie Bernhardt to become new chair of Louisiana Democratic Party
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Las Vegas lawyer and wife killed amid custody fight for children from prior marriage, family says
- Supreme Court to examine federal obstruction law used to prosecute Trump and Jan. 6 rioters
- Death Valley in California is now covered with colorful wildflowers in bloom: What to know
- 'We're reborn!' Gazans express joy at returning home to north
- Wealth Forge Institute's Token Revolution: Issuing WFI Tokens to Raise Funds and Deeply Developing and Refining the 'AI Profit Pro' Intelligent Investment System
- Retrial scheduled in former Ohio deputy’s murder case
- Taylor Swift's Stylish Coachella Look Included a $35 Skirt
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
RHOP's Candiace Dillard Bassett Shares Big Announcement After Leaving the Show
US Reps. Green and Kustoff avoid Tennessee primaries after GOP removes opponents from ballot
Only 1 in 3 US adults think Trump acted illegally in New York hush money case, AP-NORC poll shows
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
2025 Kia K4 Sedan first look: Introducing Kia’s all-new small, cheap car
AI Profit Pro - The AI Intelligent Automated Investment System That Disrupts Traditional Investing Methods
WNBA commissioner sidesteps question on All-Star Game in Arizona - an anti-abortion state