Current:Home > ScamsIRS targets 1,600 millionaires who owe at least $250,000 -FinTechWorld
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-26 12:07:22
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! (5)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Dakota Pipeline Builder Under Fire for Ohio Spill: 8 Violations in 7 Weeks
- Why Bre Tiesi Was Finally Ready to Join Selling Sunset After Having a Baby With Nick Cannon
- What is Babesiosis? A rare tick-borne disease is on the rise in the Northeast
- 2025 'Doomsday Clock': This is how close we are to self
- Shoppers Love These Exercise Dresses for Working Out and Hanging Out: Lululemon, Amazon, Halara, and More
- Electric Vehicle Advocates See Threat to Progress from Keystone XL Pipeline
- What is Babesiosis? A rare tick-borne disease is on the rise in the Northeast
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- How Taylor Lautner Grew Out of His Resentment Towards Twilight Fame
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Neurotech could connect our brains to computers. What could go wrong, right?
- In These U.S. Cities, Heat Waves Will Kill Hundreds More as Temperatures Rise
- Teen Mom's Catelynn Lowell Celebrates Carly's 14th Birthday With Sweet Tribute
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- U.S. Medical Groups Warn Candidates: Climate Change Is a ‘Health Emergency’
- Khloe Kardashian Unveils New Photo of Her Growing Baby Boy
- Q&A: Denis Hayes, Planner of the First Earth Day, Discusses the ‘Virtual’ 50th
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Lori Vallow Case: Idaho Mom Indicted on New Murder Conspiracy Charge
Rihanna Shares Message on Embracing Motherhood With Topless Maternity Shoot
Several injured after Baltimore bus strikes 2 cars, crashes into building, police say
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
This Week in Clean Economy: U.S. Electric Carmakers Get the Solyndra Treatment
Some adults can now get a second shot of the bivalent COVID-19 vaccine
Electric Vehicle Advocates See Threat to Progress from Keystone XL Pipeline