IRS puts 125,000 high-income individuals not filing tax returns on notice, to recoup millions owed - WTOP
IRS Commissioner Danny Werfel told reporters on Thursday that notices are going out to 25,000 individuals with more than $1 million in income, and 100,000 notices to people with incomes between $400,000 and $1 million between tax years 2017 and 2021.
WOW! Big, bold action by the IRS after up to 6 years of not so much as sending these people a letter?
Werfel said the IRS non-filer program has only run “sporadically” since 2016, because of “severe budget cuts and staff limitations.”
The high cost of postage is a burden on us all.