$1.3B in unpaid taxes recovered from high-income Americans ...Middle East

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$1.3B in unpaid taxes recovered from high-income Americans
The Department of Treasury announced Friday that it had recovered $1.3 billion of unpaid taxes from high-income Americans. The recovered money comes as part of the effort to ensure wealthy individuals pay the taxes they owe under the Biden administration’s Inflation Reduction Act, the department’s release said. Starting in Feb. 2024, the Internal Revenue Service (IRS), launched its plan of pursuing 125,000 “high-income, high-wealth taxpayers” who had not filed taxes since 2017. Those individuals were targeted after the IRS found third-party materials, like a W2 or 1099 form, that indicates these people received income but did not file their tax returns. The Treasury Departmen

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