The IRS on Thursday unveiled plans to target wealthy "non-filers" with a new round of compliance letters. Here's what taxpayers need to know.
  • The IRS on Thursday unveiled plans to target wealthy “non-filers” with a new round of compliance letters.
  • Non-filers making between $400,000 and more than $1 million with unfiled federal returns from tax years 2017 to 2021 will receive the initial round of letters.
  • The agency urges recipients to take “immediate action” to avoid more letters, higher penalties and “stronger enforcement measures.”
  • lettruthout@lemmy.worldEnglish
    74·
    9 months ago

    Non-filers making between $400,000 and more than $1 million with unfiled federal returns from tax years 2017 to 2021 will receive the initial round of letters

    Blows my mind that people earning that much aren’t filing their taxes. It’s hard to imagine that they’re oblivious to the requirement, so they’re just blatant cheaters?

      • n2burns@lemmy.ca
        29·
        9 months ago

        Were you “audited” or actually audited? So many people say they were “audited” when they actually just received a letter asking them to support what they claimed. An actual audit is a full review of absolutely everything to re-build up your returns from scratch and verify every little detail. Even for basic returns audits often take multiple days to complete.