The IRS has unveiled a new initiative aimed at enhancing tax compliance among high-income taxpayers who have neglected to file federal income tax returns, totaling over 125,000 instances since 2017. This effort, fueled by funding from the Inflation Reduction Act, involves the issuance of compliance letters to these non-filers, with over 25,000 letters targeting individuals with incomes exceeding $1 million and more than 100,000 letters for those earning between $400,000 and $1 million. IRS Commissioner Danny Werfel emphasized the importance of addressing this non-compliance, citing the need for a properly funded IRS to ensure fairness in tax systems. The initiative, part of a broader campaign to bolster tax compliance, underscores the IRS’s commitment to closing gaps in tax enforcement, particularly among high-income individuals

If you would like to read more: https://www.irs.gov/newsroom/irs-launches-new-effort-aimed-at-high-income-non-filers-125000-cases-focused-on-high-earners-including-millionaires-who-failed-to-file-tax-returns-with-financial-activity-topping-100-billion