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Mar 24, 2023  · IRS Bags Hundreds Of Tax Cheats, Money Launderers As COVID Relief Fraud Tops $3.2 Billion ... Since then, agents with IRS Criminal Investigation have pursued 975 tax …


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IRS Says It Has Clawed Back $1 Billion From Millionaire Tax Cheats

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Jul 11, 2024  · The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who …

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IRS Crackdown On Millionaire Tax Cheats Nets More Than $1 Billion …

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Jul 11, 2024  · “The IRS has collected $1 billion from millionaires and shown that it can successfully launch strategic new initiatives and achieve the greatest return on investment,” …

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‘Historic Crackdown On Rich Tax Cheats’: The IRS Is Targeting 1,600 ...

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Sep 11, 2023  · Using federal funding granted through the Inflation Reduction Act, the IRS is targeting high-income earners who at least $250,000 each in back taxes, large business …

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Latest IRS Effort To Target Wealthy Tax Cheats Could Raise $50 Billion ...

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Jun 17, 2024  · The Internal Revenue Service announced Monday its latest move to crack down on wealthy tax cheats – an ongoing effort boosted by funding received through the Democrat …

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IRS Scores $122M From Super Rich Tax Cheats | Moneywise

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Oct 27, 2023  · Historic crackdown on tax cheats. These high-end collection cases are part of the IRS’s targeted sweep of 1,600 millionaires who owe hundreds of millions of dollars in taxes — …

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The IRS Crackdown On High-end Taxpayers Is Already Raking In …

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Oct 22, 2023  · One case involved an alleged tax cheat who spent $502,000 on gambling, the IRS says ... That's on top of $38 million in back taxes the IRS has already collected from 175 other …

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IRS Says It Collected Extra $360 Million In Overdue Taxes From ...

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Jan 12, 2024  · The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires as the agency’s leadership tries to promote the latest work it has done …

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Will More 'Wealthy Tax Cheats' Come Under IRS Investigation?

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Oct 3, 2023  · Wealthy tax cheats owe $65.7 billion. IRS data from 2017 to 2020 reveal that 1.4 million wealthy individuals failed to file federal tax returns.

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Mar 24, 2023  · Since then, agents with IRS Criminal Investigation have pursued 975 tax and money-laundering cases nationwide involving $3.2 billion worth of fraudulently obtained loans, …

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IRS, Armed With New Funding, Is Going After Wealthy Tax Cheats

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Nov 9, 2023  · Roughly 85% of taxes are paid on time, the IRS reports. Late payment and enforcement efforts recover some of the funds, but the agency reported a “tax gap” of $688 …

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Will IRS crack down on wealthy tax cheats pay off?

July 11, 2024 / 8:29 AM EDT / CBS News The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the government money. ...

Why did the IRS slash its budget?

They spent years slashing the IRS budget, making the agency a target of abuse and leaving it struggling with outdated equipment, inadequate staff and little ability to take on wealthy tax cheats with armies of lawyers and accountants. The result was not only bad customer service, but hundreds of billions of dollars every year in uncollected taxes. ...

What will the IRS do if you cheat on tax returns?

The IRS said it would also increase examinations of partnerships—another area where cheating has long been rampant —and in general will scrutinize more returns filed by people making more than $1 million per year, especially if they owe large tax debts, own multiple shell companies, or have overseas bank accounts. ...

Is IRS stepping up audits on wealthy tax cheats paying off?

She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion. ...

Will the IRS crack down on wealthy tax cheats in 2025?

The agency has said it will continue and expand its free tax filing program in 2025. The Internal Revenue Service announced Monday its latest move to crack down on wealthy tax cheats – an ongoing effort boosted by funding received through the Democrat-backed Inflation Reduction Act. ...

How much money has the IRS collected from millionaires?

“The IRS has collected $1 billion from millionaires and shown that it can successfully launch strategic new initiatives and achieve the greatest return on investment,” Treasury Secretary Janet Yellen told reporters during a press call, CNBC reported. ...

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