Current:Home > StocksIRS targets 1,600 millionaires who owe at least $250,000 -ValueCore
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-13 05:17:59
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! (21275)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Annuities are key to retirement. So why are so few of us buying them?
- Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
- US drug control agency will move to reclassify marijuana in a historic shift, AP sources say
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- As campus protests continue, Columbia University suspends students | The Excerpt
- Not all Kentucky Derby winners were great: Looking back at 12 forgettable winners
- Mazda’s American EV was a flop. Could these Chinese Mazdas be more popular?
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Kendrick Lamar drops brutal Drake diss track 'Euphoria' amid feud: Listen
Ranking
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- 2-year-old child dies, another child hurt after wind sends bounce house flying in Arizona
- US to test ground beef in states with dairy cows infected with bird flu. What to know.
- The Daily Money: All eyes are on the Fed
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Baby Reindeer Creator Richard Gadd Calls Out Speculation Over Real-Life Identities
- Aaron Carter's Twin Angel Carter Conrad Reveals How She's Breaking Her Family's Cycle of Dysfunction
- Rachel McAdams, Jeremy Strong and More Score Tony Awards 2024 Nominations: See the Complete List
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Pennsylvania moves to join states that punish stalkers who use Bluetooth tracking devices
Coach Deion Sanders, Colorado illuminate the pros and cons of wide-open transfer portal
Coach Deion Sanders, Colorado illuminate the pros and cons of wide-open transfer portal
At site of suspected mass killings, Syrians recall horrors, hope for answers
Malian army says it killed an Islamic State group commander who attacked U.S., Niger forces
Eight US newspapers sue ChatGPT-maker OpenAI and Microsoft for copyright infringement
US to test ground beef in states with dairy cows infected with bird flu. What to know.