Current:Home > MarketsIRS targets 1,600 millionaires who owe at least $250,000 -VitalWealth Strategies
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-11 12:39:11
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
- Buckingham Palace staff under investigation for 'bar brawl'
- Surprise! New 70% Off Styles Added to the Lilly Pulitzer Sunshine Sale—Hurry, They’re Selling Out Fast
- Who is David Muir? What to know about the ABC anchor and moderator of Harris-Trump debate
- Travis Kelce Reacts to Jason Kelce’s ESPN Debut Exactly as a Brother Would
- $73.5M beach replenishment project starts in January at Jersey Shore
- Tyreek Hill’s traffic stop shows interactions with police can be about survival for Black men
- Peter Frampton finally finds Rock & Roll Hall of Fame doors open to him
- Mark Hamill, LeVar Burton and more mourn James Earl Jones
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Courts in Nebraska and Missouri weigh arguments to keep abortion measures off the ballot
Ranking
- Average rate on 30
- 'Harry Potter' HBO TV series casting children for roles of Harry, Ron, Hermione
- 'Hotter than it's ever been': How this 93-year-old copes with Phoenix's 100-degree heat
- Kentucky bourbon icon Jimmy Russell celebrates his 70th anniversary at Wild Turkey
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- What can you do when leaders are tolerant of demeaning workplace behavior? Ask HR
- Bachelorette’s Jenn Tran Reveals She Reached Out to Ex Devin Strader After Tense Finale
- 'American Ninja Warrior' Vance Walker on grueling back-to-back victories: 'So difficult'
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Shilo Sanders, Colorado safety and Deion Sanders' son, undergoes forearm surgery
Johnny Gaudreau's wife reveals pregnancy with 3rd child at emotional double funeral
49ers vs. Jets Monday Night Football live updates: Odds, predictions, how to watch
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
McDonald's Crocs Happy Meals with mini keychains coming to US
North Carolina House Rep. Jeffrey Elmore resigning before term ends
Wolf pack blamed in Colorado livestock attacks is captured and will be relocated