The IRS announced Monday it would more aggressively audit high earners who transfer assets to ... More affiliated entities to avoid paying higher taxes and secure deductions. (Photo by J.

The IRS described plans to use specialized revenue officers concentrating solely on collecting from these high-end delinquent accounts starting in fiscal year 2024. For those who fall into this ...

However, the vast majority of these households were making between $40,000 and $50,000 annually, and the IRS has expressed that its primary focus is on high earners and that it isn't looking to ...

The Internal Revenue Service (IRS) has embarked on a significant initiative aimed at high-income individuals who have not filed their federal tax returns since 2017. This effort focuses on 125,000 ...

The compliance initiative targeting high-earning non-filers comes after an IRS warning for wealthy, high earners earlier this year. As Kiplinger reported, the IRS foretold increases in audits ...

Unlike bank robbers, IRS auditors tend to look where the ... The perennial solution is to focus on high earners, in the same way that Democrats want to raise income taxes with higher top rates ...

Continuing its compliance efforts, the IRS introduced a new initiative on Feb. 29, 2024, targeting high-income taxpayers ... While their primary focus is civil in nature, RAs are trained to ...

The report also claimed that the focus on the ultra-wealthy led ... over tax preparedness issues. We think the IRS ran into a wall with high earners and businesses who have hired professionals ...

The IRS in February announced it would crack down on private jet users who are writing off personal travel as a business expense, and said it would more aggressively pursue high earners and large ...

The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort ...