IRS Plans to Crack Down on 1,600 Millionaires for Back Taxes
IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting wealthy people who have "cut corners" on their taxes.
He said 1,600 millionaires who owe at least $250,000 each in back taxes and 75 large business partnerships that have assets of roughly $10 billion on average are targeted for the new "compliance efforts."
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