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Personal Finance ·IRS


IRS IS GOING AFTER 125,000 AMERICANS WHO EARN MORE THAN $400,000 BUT DON’T FILE
TAX RETURNS: ‘THIS ISN’T A SMALL GROUP OF PEOPLE WE’RE TALKING ABOUT’

BYFatima Hussein and The Associated Press
March 1, 2024 at 12:04 AM HST

Internal Revenue Service Commissioner Danny Werfel, testifies during a House
Ways and Means Committee hearing on Capitol Hill, on Feb. 15, 2024, in
Washington.
Mariam Zuhaib—AP

The IRS plans to go after 125,000 high-income earners who did not file tax
returns going back to 2017 — and the agency says hundreds of millions of dollars
of unpaid taxes are involved in these cases.



Beginning this week, the IRS will start sending out noncompliance letters to
more than 25,000 people who earn more than $1 million per year and 100,000
people with incomes between $400,000 and $1 million who failed to pay their
taxes between 2017 and 2021.



The campaign announced Thursday is part of the agency’s ongoing effort to pursue
high wealth tax cheats — mandated in part by funding provided through Democrats’
Inflation Reduction Act passed into law in 2022 and a directive from Treasury
Secretary Janet Yellen to IRS leadership not to increase audit rates on people
making less than $400,000 a year annually.

“When people don’t file a tax return they’re required to, it’s not fair to those
hardworking taxpayers who responsibly do their civic duty under the laws of our
nation,” IRS Commissioner Daniel Werfel told reporters Thursday morning.

“And when people don’t file their taxes, they need to know there’s a
consequence.”



The IRS in recent months has announced a slew of new campaigns aimed at
targeting high-wealth individuals who misuse the tax system or fail to pay their
obligations.

For instance, last week IRS leadership said the agency will start up dozens of
audits on businesses’ private jets and how they are used personally by
executives and written off as a tax deduction. And earlier this year, the agency
announced it had collected roughly half a billion dollars in overdue taxes from
delinquent millionaires.

Werfel said the agency’s non-filer programs have only run sporadically since
2016 due to lack of funding and staffing. But since the federal tax collector
received resources from the IRA, “the IRS now has the capacity to do this core
tax administration work,” he said.

“This isn’t a small group of people we’re talking about.”

Learn how to take control of your personal finances with Get Your Due, our
six-week email bootcamp. Sign up for free.
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