Posted on 07/14/2023 5:09:17 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency.
IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.
In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income individuals attempted to get favorable tax treatment through Puerto Rico without meeting certain tax requirements. Many of those cases are expected to face criminal investigation.
“It just shows you how much money is out there in delinquent taxes, and there are so many more cases for us to tackle,” said new IRS Commissioner Daniel Werfel, just four months into the job. “There’s just a significant opportunity there.”
The agency did not provide figures for how those high-dollar tax collections compared with previous years.
(Excerpt) Read more at apnews.com ...
Any day now it’s totally going to pay off.
Two more weeks…
(One also notices that NONE of the “175 high income taxpayers” are mentioned. How’s that for investigative reporting?)
Well, technically it’s supposed to be illegal to reveal taxpayer identity, taxpayer liability or even their location.
Unless, of course, someone did that to President Trump.
exactly
Maybe the IRS can go after the pandemic frauds now.
Soros owes billions to the IRS.
criminals creating criminals
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