The Internal Revenue Service plans to hire thousands of new workers as part of its sweeping plan to crack down on potential tax violations by wealthy Americans. The tax-collecting agency announced ...
Since receiving funding from the Inflation Reduction Act, the IRS has ramped up tax enforcement for millionaires, but data show the agency has yet to crack down on a separate set of wealthy non-filers ...
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas. The bill would impose new reporting requirements on foreign financial institutions doing ...
A group of U.S. lawmakers is asking tax authorities to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico. Twelve Democratic members of the House of ...
The lead sentence of the article “House GOP demands IRS cuts to pay for aid to Israel” (The Patriot-News, 10/31/2023) says it in a nutshell: “House Republicans on Monday unveiled a proposal to pay for ...
The IRS is getting serious about going after rich tax cheats, announcing a string of new enforcement measures in recent weeks aimed at wealthy Americans not paying what they owe in taxes. The latest ...
President Joe Biden added nearly $80 billion in new IRS funding to the Inflation Reduction Act of 2022, money set aside to collect unpaid taxes from the wealthy and to improve the agency’s customer ...