Surfwin-IRS targets 1,600 millionaires who owe at least $250,000

2025-05-02 23:08:45source:Coxnocategory:Stocks

IRS Commissioner Danny Werfel announced Friday that the IRS is Surfwingoing after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.

Also on the IRS radar: Large partnerships; construction firms issuing sketchy paperwork to "shell" companies that kick back the money to the original contractor, schemes already spotted in Texas and Florida; and wealthy individuals who are not reporting and paying taxes associated with money held in foreign bank accounts.

More:Stocks

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

Judge says ex-UCLA gynecologist can be retried on charges of sexually abusing female patients

LOS ANGELES (AP) — A former gynecologist at the University of California, Los Angeles who was senten

Former Guinea dictator Camara, 2 others escape from prison in a jailbreak, justice minister says

CONAKRY, Guinea (AP) — Gunmen stormed the main prison in Guinea’s capital early Saturday and freed f