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IRS Collected Half a Billion Dollars in Back Taxes From Delinquent Millionaires in 2023, Sentencing Some to Prison (www.goodnewsnetwork.org)

submitted 9 months ago by tardigrada@beehaw.org to c/usnews@beehaw.org

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The Internal Revenue Service says it collected $482 million from wealthy tax cheats last year, in a continuing effort to step up their enforcement.

The IRS released their year-end progress report this month, saying they will continue to audit large corporations, high-income individuals, and complex partnerships who are not paying their fair share of U.S. taxes.

The agency says it pursued 1,600 millionaires to recoup the overdue tax payments and will not stop now.

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[–] TigrisMorte@kbin.social 12 points 9 months ago

Please note: The IRS has no ability to sentence anyone to anything. They asses debt and report fraud. The Court may end up sentencing those found guilty of fraud. The IRS has no such authority.