Tag

Wealthy Tax Avoiders

All articles tagged with #wealthy tax avoiders

finance1 year ago

"IRS Boosts Taxpayer Assistance and Pursues Wealthy Tax Evaders: Updates on $80B Funding and New Filing Tools"

The IRS received $80 billion to improve its services and enforcement efforts, leading to the hiring of 5,000 new customer service representatives and the implementation of a free electronic tax filing system. Commissioner Danny Werfel highlighted the agency's focus on pursuing wealthy individuals and corporations who owe back taxes, citing early success in collecting nearly $200 million from a high-risk list of 1,600 millionaires and billionaires. The IRS aims to provide taxpayers with various filing options and modernize its processes to ensure everyone pays their fair share of taxes.