The IRS announced Friday that it is targeting a group of high-income earners and corporations that have failed to pay their taxes in full — including about 1,600 millionaires who owe hundreds of ...

T he 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 Internal Revenue Service (IRS) is cracking down on high-income earners and businesses that owe hundreds of millions of dollars in past-due taxes—and in doing so are “abusing the nation’s ...

IRS announces adjustments in response to inflation 03:17. The Biden administration has trumpeted its plans to crack down on rich tax evaders, funneling $46 billion to the IRS so it can ferret out ...

The notice also announces that that the covered transactions governed by these regulations would involve basis adjustments under Internal Revenue Code sections 732, 734(b) and/or 743(b). The proposed ...

For high-income earners and business owners, taxes often represent their largest recurring expense. While many financial advisors focus on basic tax strategies, such as tax-loss harvesting, more ...