Current:Home > InvestIRS targets 1,600 millionaires who owe at least $250,000 -Aspire Money Growth
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-14 02:44:56
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! (8)
Related
- Intel's stock did something it hasn't done since 2022
- A Memphis man is now charged with attacking two homeless men in recent months
- Shaboozey makes history again with 'A Bar Song (Tipsy),' earns first Hot 100 No. 1 spot on Billboard
- What are the best-looking pickup trucks in 2024?
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Tristan Thompson Shares Rare Photos of 7-Year-Old Son Prince
- Halle Berry and Glenn Close Will Star With Kim Kardashian in New TV Show
- The Disney Store's New Haunted Mansion Collection 2024: Enter (if You Dare) for Spooky Souvenirs & Merch
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Coast Guard rescues 5 men after boat capsizes 11 miles off Florida coast
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- From ‘Red October’ to ’30 Rock,’ a look at Alec Baldwin’s career on eve of ‘Rust’ shooting trial
- 2 dead and 19 injured after Detroit shooting, Michigan State Police say
- Jill Biden to rally veterans and military families as Biden team seeks to shift focus back to Trump
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- July's packed with savings events: How to get deals at Amazon, Target, Walmart, more
- Glen Powell's Thirst Trap Photo Will Make You Sweat
- Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers
Recommendation
Trump's 'stop
Bloomberg Philanthropies gifting $1 billion to medical school, others at John Hopkins University
All rail cars carrying hazardous material have been removed from North Dakota derailment site
New Jersey forest fire that was sparked by fireworks is 75% contained
Stamford Road collision sends motorcyclist flying; driver arrested
Hurricane Beryl makes landfall along Texas coast as Category 1 storm | The Excerpt
Copa America 2024: Lionel Messi, James Rodriguez among 5 players to watch in semifinals
United Airlines flight loses wheel after takeoff from Los Angeles and lands safely in Denver