Current:Home > InvestIRS targets 1,600 millionaires who owe at least $250,000 -TruePath Finance
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-17 03:38:45
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! (38713)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Belarus refuses to invite OSCE observers to monitor this year’s parliamentary election
- Kristen Wiig, Will Ferrell hilariously reunite on Golden Globes stage
- NFL Week 18 winners, losers: Eagles enter playoffs in a tailspin
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- As more debris surfaces from Alaska Airlines' forced landing, an intact iPhone has been found
- Trump seeks dismissal of Georgia criminal case, citing immunity and double jeopardy
- Emma Stone Jokingly Reacts to Support From “A--hole” Taylor Swift
- North Carolina justices rule for restaurants in COVID
- Hong Kongers in Taiwan firmly support the ruling party after watching China erode freedoms at home
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Aaron Rodgers says Jets need to avoid distractions, will address his Jimmy Kimmel comments
- The US and UK say Bangladesh’s elections extending Hasina’s rule were not credible
- Shocking TV series 'Hoarders' is back. But now we know more about mental health.
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- JetBlue’s CEO is stepping down, and he’ll be replaced by the first woman to lead a big US airline
- Chicago woman pleads guilty, to testify against own mother accused of cutting baby from teen’s womb
- Dave's Hot Chicken is releasing 3 new menu items that are cauliflower based, meatless
Recommendation
Meet first time Grammy nominee Charley Crockett
Ford, Hyundai, BMW among 140,000 vehicles recalled: Check car recalls here
An Englishman's home has flooded nearly a dozen times in 7 years. He built a wall to stop it from happening again.
iPhone that got sucked out of Alaska Airlines plane and fell 16,000 feet is found on the ground – and still works
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Indiana Pacers All-Star point guard Tyrese Haliburton carried off floor with injury
Montana governor, first lady buy mansion for $4M for governor’s residence, will donate it to state
At trial, a Russian billionaire blames Sotheby’s for losing millions on art by Picasso, da Vinci