IRS crackdown on wealthy taxpayers brings in $160M in back taxes ...Middle East

The Hill - Technology

The Internal Revenue Service (IRS) has brought in $160 million in back taxes from wealthy taxpayers, amid a recent push to crack down on top income earners. The agency said Friday that it had collected $122 million from 100 taxpayers, on top of the $38 million it collected from more than 175 high-income earners earlier this year. The 100 taxpayers resulting in the latest haul are just a portion of the 1,600 individuals that the IRS is currently contacting for hundreds of millions of dollars in back taxes, according to the agency. In one case, an individual was ordered to pay more than $15 million for falsifying personal expenses — including the construction of a 51,000-square-f

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IRS crackdown on wealthy taxpayers brings in $160M in back taxes ...Middle East

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