Current:Home > reviewsIRS targets 1,600 millionaires who owe at least $250,000 -FinanceCore
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-18 22:25:13
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! (83)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Dump truck leaves hole in covered bridge when it crashes into river in Maine
- New York City man charged with stealing sword, bullhorn from Coach Rick Pitino’s St. John’s office
- Cornel West can’t be on Pennsylvania’s presidential ballot, court decides
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Dump truck leaves hole in covered bridge when it crashes into river in Maine
- Suspect charged with murder and animal cruelty in fatal carjacking of 80-year-old dog walker
- Texas, other GOP-led states sue over program to give immigrant spouses of US citizens legal status
- Former Danish minister for Greenland discusses Trump's push to acquire island
- In Alabama Meeting, TVA Votes to Increase the Cost of Power, Double Down on Natural Gas
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Parents charged after baby fatally mauled by dogs; pair accused of leaving baby to smoke
- Coal Baron a No-Show in Alabama Courtroom as Abandoned Plant Continues to Pollute Neighborhoods
- A rare orchid survives on a few tracts of prairie. Researchers want to learn its secrets
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Divers find body of Mike Lynch's daughter Hannah, 18, missing after superyacht sank
- Meet Virgo, the Zodiac's helpful perfectionist: The sign's personality traits, months
- TikTok Organization Pro Emilie Kiser’s Top Tips & Must-Have Products for a Clean, Organized Life
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
How smart are spiders? They zombify their firefly prey: 'Bloody amazing'
Anesthesiologist with ‘chloroform fetish’ admits to drugging, sexually abusing family’s nanny
Both sides argue for resolution of verdict dispute in New Hampshire youth center abuse case
Trump issues order to ban transgender troops from serving openly in the military
American Hockey League mandates neck guards to prevent cuts from skate blades
Cornel West can’t be on Pennsylvania’s presidential ballot, court decides
Are convention viewing numbers a hint about who will win the election? Don’t bet on it