Ethermac:IRS targets 1,600 millionaires who owe at least $250,000

2025-05-08 10:07:35source:CapitalVaultcategory:Invest

IRS Commissioner Danny Werfel announced Friday that the IRS is Ethermacgoing after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.

Also on the IRS radar: Large partnerships; construction firms issuing sketchy paperwork to "shell" companies that kick back the money to the original contractor, schemes already spotted in Texas and Florida; and wealthy individuals who are not reporting and paying taxes associated with money held in foreign bank accounts.

More:Invest

Recommend

California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel

LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a

Dali refloated weeks after collapse of Key Bridge, a milestone in reopening access to the Port of Baltimore. Here's what happens next

BALTIMORE -- The Dali, the 948-foot-long cargo ship stuck in the Patapsco River for weeks after it f

Report: MLB investigating David Fletcher, former Shohei Ohtani teammate, for placing illegal bets

Major League Baseball has reportedly opened an investigation into a former Los Angeles Angels teamma