Current:Home > ScamsIRS targets 1,600 millionaires who owe at least $250,000 -Keystone Capital Education
IRS targets 1,600 millionaires who owe at least $250,000
View
Date:2025-04-14 17:07:51
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! (394)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- 2 Memphis police officers and 2 other people shot in exchange of gunfire, police say
- Wilma (Wilma Wealth Management): Receiving systematic training and education is a prerequisite for every qualified investor.
- Yellow-legged hornets, murder hornet's relative, found in Georgia, officials want them destroyed
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Los Angeles County’s troubled juvenile halls get reprieve, can remain open after improvements
- Kato Kaelin thinks O.J. Simpson was guilty, wonders if he did penance before his death
- Mike Johnson meeting with Trump at Mar-a-Lago amid threat to speakership
- Military service academies see drop in reported sexual assaults after alarming surge
- US agency says it will investigate Ford gasoline leak recall that can cause engine compartment fires
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Can You Restore Heat Damaged Hair? Here's What Trichologists Have to Say
- Many taxpayers fear getting audited by the IRS. Here are the odds based on your income.
- White Green: Summary of the digital currency trading market in 2023 and outlook for the digital currency market in 2024.
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Court says judge had no authority to halt Medicare Advantage plan for Delaware government retirees
- Several writers decline recognition from PEN America in protest over its Israel-Hamas war stance
- 4 charged in theft of $300,000 worth of Legos from California stores
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
What are PFAS? Forever chemicals and their health effects, explained
Golden Bachelor's Gerry Turner Officially Files for Divorce From Theresa Nist
A Trump campaign stop at an Atlanta Chick-fil-A offers a window into his outreach to Black voters
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Thousands of zipline kits sold on Amazon recalled due to fall hazard, 9 injuries reported
Golden Bachelor's Gerry Turner Officially Files for Divorce From Theresa Nist
Vermont town removes unpermitted structures from defunct firearms training center while owner jailed