The IRS on Thursday unveiled plans to target wealthy "non-filers" with a new round of compliance letters. Here's what taxpayers need to know.
  • The IRS on Thursday unveiled plans to target wealthy “non-filers” with a new round of compliance letters.
  • Non-filers making between $400,000 and more than $1 million with unfiled federal returns from tax years 2017 to 2021 will receive the initial round of letters.
  • The agency urges recipients to take “immediate action” to avoid more letters, higher penalties and “stronger enforcement measures.”
  • yukichigai@kbin.social
    6·
    4 months ago

    If nothing else, it pretty well cuts off any claims they might make about not being aware they were not in compliance. It speeds cases along once they do get to court, plus there’s the prospect of fines, so on.