The federal agency said it plans to aggressively hunt down 1,600 millionaires and 75 large business partnerships that routinely “cut corners” on their taxes.
The IRS announced it will start targeting thousands of uber-wealthy tax cheats and make them poney up hundreds of millions of dollars in the coming months.to aggressively hunt down 1,600 millionaires and 75 large business partnerships that routinely “cut corners” on their taxes.
The IRS is planning to hire an undisclosed number of revenue agents to focus on the high-end collection cases so that the new initiative can start rolling in October this year. The agency is also being added by artificial intelligence tools that can detect tax-cheating tactics that might be indiscernible to the human eye.
With additional support and funding, the IRS will continue to hunt larger and wealthier tax dodgers in the coming years.
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