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 IRS released its strategic plan for using Biden's $80 billion investment in the agency. It plans to dedicate a chunk of spending to stricter enforcement for high earners. It also included ...

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 ...

Certain very high earners are in the spotlight now. In 2024, the IRS vowed to focus on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since ...

By Christopher C. Giambrone. T he backdoor Roth IRA is a strategic retirement savings technique that allows high-income ...