On Feb. 29, the Internal Revenue Service announced a new initiative targeting individuals who failed to file income tax returns for 2017 and later years. This initiative, funded by the Inflation Reduction Act, follows on the agency’s larger effort to examine large corporate, partnership, and high-income individual filers. See September 2023 GT Alert. It also complements the IRS’s tax-collection efforts targeting millionaires with large tax debts. So far, the IRS says it has collected nearly $500 million because of these efforts.
IRS Non-Filer Enforcement Aimed at High-Income Taxpayers
