{"id":2189485,"date":"2024-02-29T16:50:03","date_gmt":"2024-02-29T21:50:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-irs-says-it-will-pursue-high-income-earners-who-failed-to-file-tax-returns\/"},"modified":"2024-02-29T16:55:10","modified_gmt":"2024-02-29T21:55:10","slug":"us-irs-says-it-will-pursue-high-income-earners-who-failed-to-file-tax-returns","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-irs-says-it-will-pursue-high-income-earners-who-failed-to-file-tax-returns\/","title":{"rendered":"IRS to target wealthy non-filers"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-irs-says-it-will-pursue-high-income-earners-who-failed-to-file-tax-returns%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2189485&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>Breaking News:<\/strong> IRS Targets High-Income \u200dEarners Who \u2062Failed to File Tax Returns<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">IRS \u200cCommissioner Danny Werfel testifies\u2063 before House Committee on Ways and Means on \u201cAccountability and Transparency at the Internal \u200dRevenue Service\u201d on Capitol Hill\u2062 in Washington, U.S., April 27,\u200b 2023. REUTERS\/Elizabeth Frantz\/File Photo<\/figcaption><\/figure>\n<p>WASHINGTON (Reuters) \u2013 The Internal Revenue Service announced on\u200d Thursday its renewed efforts to pursue high-income \u200bearners who have neglected to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-anti-virus-millionaire-john-mcafee-found-dead-from-suicide-in-spanish-prison-hours-after-extradition-order-report\/\" title=\"BREAKING: Anti-Virus Millionaire John McAfee Found Dead From Suicide In Spanish Prison, Hours After Extradition Order: Report\">file tax returns<\/a>, with over 125,000 cases identified since 2017. This non-filer enforcement program, previously \u2063hindered by budget cuts, is now back in action.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The IRS, fueled by $80 billion in funding from\u200d the 2022 Inflation Reduction Act, \u2062has been able to hire additional staff and resume sending non-filing notices to these individuals. Among them are 25,000 individuals with apparent <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/key-findings-in-bidens-2024-budget-proposal\/\" title=\"Key Findings in Biden\u2019s 2024 Budget Proposal\">income exceeding  million<\/a>.<\/p>\n<p>Based on third-party documents, the total &#8220;financial \u200dactivity&#8221; generated by \u200bthese non-filers surpasses $100 billion, and their unpaid tax liabilities could easily reach hundreds of millions of \u2062dollars, according to IRS Commissioner Danny Werfel.<\/p>\n<p>&#8220;With the\u200d resources provided by the Inflation Reduction\u200d Act, the agency finally has the means to fulfill this crucial responsibility and ensure fairness for all those who have complied\u200b with the rules,&#8221; Werfel stated.<\/p>\n<p>Due\u200d to staff reductions resulting from budget cuts passed by Republicans in Congress, the non-filer enforcement \u200bprogram has\u2064 only been sporadically\u2064 operational since 2016. \u2064The agency needed sufficient staff to pursue collections of delinquent tax debts related to the \u2063notices.<\/p>\n<p>However, \u2062since the IRA funding was passed \u2063in 2022, the IRS has hired up to 7,000 new\u200c customer service staff, account managers, and\u200c collections staff, as well as implemented new automation technology, enabling them\u2062 to \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-democrat-spending-bill-takes-20-billion-from-middle-class-americans-with-new-irs-audits\/\" title=\"CBO: Democrat Spending Bill takes  Billion From Middle Class Americans With New IRS Audits\">target high-income<\/a> non-filers.<\/p>\n<p>The agency has already begun sending out notices this week, with approximately 20,000 to 40,000 notices being dispatched\u200d each \u200dweek.<\/p>\n<p><sup>Reporting by David Lawder in Washington Editing by Matthew Lewis<\/sup><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Carolyn Phippen<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Bill \u200bWells<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Seamus Bruner<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Hogan \u2064Gidley<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>UnitedHealth Group \u200bfaces a major data breach as hackers claim to have stolen millions of sensitive records.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Legal battle ensues as X challenges the Center for Countering Digital \u2063Hate\u2019s\u200b criticism \u2062of hate speech.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin surges towards a record high \u2062fueled by ETF approvals\u200c and investor excitement, marking its largest monthly gain in \u2063over three \u200dyears.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A California state judge tentatively rules in favor of\u200d 6,000 Black factory workers\u200c for alleged race discrimination and harassment.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How did budget cuts impact the previous \u2062enforcement efforts of the IRS&#8217;s\u200c non-filer program?<\/h2>\n<p><span>  Iler \u2062enforcement program was largely halted\u2062 in recent years. This lack of\u2063 action \u200cled to a significant\u200c increase \u200din the number of high-income earners neglecting to \u200dfile their tax returns.<\/p>\n<p>However, with the infusion of funding\u2064 from the 2022 Inflation Reduction Act, the IRS is now able to ramp up efforts\u200d to identify and pursue these non-filers. Since 2017, \u2062over 125,000 cases have been identified, including 25,000 individuals\u200b with income exceeding $1 million. The total financial\u200d activity generated by these\u200b non-filers is estimated to\u200c be over $100 billion, with potential \u2062unpaid tax\u200c liabilities\u200b reaching hundreds of millions \u2063of dollars.<\/p>\n<p>IRS Commissioner Danny Werfel highlighted \u2063the importance of these enforcement efforts, stating, &#8220;With the resources provided\u2063 by the Inflation Reduction Act, the \u200bagency finally\u2063 has the \u200dmeans to fulfill \u200dthis crucial responsibility and ensure fairness for all those who have\u200c complied with the rules.&#8221; The additional funding has allowed the IRS to hire more staff and \u200bresume sending non-filing notices to these individuals.<\/p>\n<p>The non-filer enforcement program was previously hindered by \u200cbudget cuts, which resulted in staff reductions and limited resources. These\u2064 constraints significantly impacted the IRS&#8217;s ability to address this issue effectively. However, with the renewed focus and funding, the agency \u2064is now able to take \u200baction\u200b and hold high-income earners accountable for their tax obligations.<\/p>\n<p>The announcement \u200bof the IRS&#8217;s intensified efforts serves \u2063as a\u200c reminder \u2063to all\u200c individuals, particularly those \u2063with high\u200b incomes, of the\u2064 importance of filing their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stimulus-update-deadline-to-file-taxes-for-rebate-of-up-to-400-in-virginia-in-six-days\/\" title=\"Tax filing deadline for 0 rebate in Virginia is in six days.\">tax returns accurately<\/a> and on time. By neglecting to do so, individuals not only \u200brisk enforcement actions but also hinder the government&#8217;s ability to fund essential programs and services.<\/p>\n<p>In\u2062 conclusion, the \u200bIRS&#8217;s renewed efforts to pursue high-income earners who have\u2062 neglected\u200d to file tax returns is \u200ca significant step towards ensuring fairness and \u2063compliance with the tax laws. With increased funding and resources, the agency\u2063 is poised to address the issue more effectively and hold those who fail to\u2063 meet their tax \u200dobligations accountable. This initiative also serves as \u2064a reminder to all individuals of the importance of fulfilling their tax responsibilities in a timely and accurate manner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS Commissioner, Danny Werfel, testified before the House Committee on Ways and Means on &#8220;Accountability and Transparency at the Internal Revenue Service&#8221; in Washington, D.C. on April 27, 2023. The IRS announced its intention to target high-income individuals on Thursday<\/p>\n","protected":false},"author":1911,"featured_media":2189486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/R7LPV3FN3VPRDK2S42ZSFDVNGE.webp","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2189485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/R7LPV3FN3VPRDK2S42ZSFDVNGE.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2189485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2189485"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2189485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2189486"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2189485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2189485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2189485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}