Current:Home > NewsIRS targets 1,600 millionaires who owe at least $250,000 -ProfitSphere Academy
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-23 00:28:40
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! (898)
Related
- Intel's stock did something it hasn't done since 2022
- Dancing With the Stars' Artem Chigvintsev Responds to Nikki Garcia’s Divorce Filing
- Bomb threats close schools and offices after Trump spread false rumors about Haitians in Ohio
- A cat named Drifter is safe after sneaking out and getting trapped in a sewer for nearly 8 weeks
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- A tech company hired a top NYC official’s brother. A private meeting and $1.4M in contracts followed
- Former ALF Child Star Benji Gregory's Cause of Death Revealed
- NFL bold predictions: Which players and teams will surprise in Week 2?
- New data highlights 'achievement gap' for students in the US
- Congo court sentences 3 Americans and 34 others to death on coup charges
Ranking
- Arkansas State Police probe death of woman found after officer
- What to watch: Worst. Vacation. Ever.
- Retired Oklahoma Catholic bishop Edward Slattery dies at 84
- Throw It Back to the '90s With Old Navy's Limited-Edition Reissue Collection of Iconic Vintage Favorites
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Boeing workers on strike for the 1st time in 16 years after 96% vote to reject contract
- Hawaii wildfire victims made it just blocks before becoming trapped by flames, report says
- Proof Meryl Streep and Martin Short Will Be Closer Than Ever at the 2024 Emmys
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Man pleads guilty in Indiana mall shooting that wounded one person last year
Best Nordstrom Rack’s Clearance Sale Deals Under $50 - Free People, Sorel, Levi's & More, Starting at $9
MLS playoff picture: Hell is Real, El Tráfico could provide postseason clinchers
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Ballerina Michaela DePrince Dead at 29
Indy woman drowned in Puerto Rico trying to save girlfriend from rip currents, family says
Opinions on what Tagovailoa should do next vary after his 3rd concussion since joining Dolphins