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The IRS has collected $1 billion in overdue tax revenue, after launching a crackdown on millionaires not paying what they owe. ; The agency last fall announced it was going after 1,600 wealthy individuals with more than $1 million in annual income and more than $250,000 in tax debt. ; IRS Commissioner Danny Werfel told reporters that audit rates for high-wealth individuals and complex partnerships fell over the last decade and have been at “historic lows.”
The IRS says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest. Microsoft disagrees.
the IRS is set to keep growing, according to projections... For tax years 2021 and 2020, the latest to receive such IRS... One of the IRS's biggest challenges is making sure that people...
and owe more taxes than they have in the past few years. Tax law changes in 2022 are also... File even if you can’t pay the whole IRS bill. Some small businesses may not have filed their...
Microsoft is in a dispute with the IRS over back taxes the agency says it owes for years 2004 through 2013.
The Internal Revenue Service says it may owe you hundreds or thousands of dollars, but your... "The IRS continues to urge people who may have overlooked filing during the pandemic to act...
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
IRS enforcement is prioritizing cases that involve millionaires who owe at least $250,000 in taxes. Werfel said that audit rates for high-income earners have “fallen sharply over the last...
R. Kelly can't be a flight risk, his lawyer argues, because he owes the IRS nearly $2 million.