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.”
  • nkat2112English
    12·
    9 months ago

    I hear you, but I think this might be a step up: It sounds like… they never event sent notices to wealthy non-filers in the past! (If I’ve misunderstood, please correct me. I’m embarrassed to admit I did not read the original article.)

    And seeing as they’re sending notices now, perhaps this means they’ll follow through with making sure this gets done. One can hope…