The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes
tools, the agency has new means of targeting wealthy people who have “cut corners" on their taxes.
Werfel said a massive hiring effort and AI research tools developed by IRS employees and contractors are playing a big role in identifying wealthy tax dodgers. The agency is making an effort to showcase positive results from its burst of new funding under President Joe Biden's Democratic administration as Republicans in Congress look to claw back some of that money.
A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS.“We have more hiring to do,” Werfel said. “It’s going to be a very busy fall for us.”
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