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IRS recovers $1B in crackdown on taxes owed by millionaires

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.”

IRS says Microsoft may owe more than $29 billion in back taxes

The IRS says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest. Microsoft disagrees.

Gap between U.S. income taxes owed and paid is set to keep growing, IRS says : N

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...

Owe IRS more in business tax than expected? These are the next steps

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...

IRS tells Microsoft it owes $29 billion in back taxes

Microsoft is in a dispute with the IRS over back taxes the agency says it owes for years 2004 through 2013.

IRS refund status: You may be owed $900 or more. Claim it by July 17.

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...

You may owe the IRS money on Monday — skipping payment could cost you hundreds of dollars

Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.

IRS puts 125,000 high-income individuals not filing tax returns on notice, to re

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 Owes $1.88 Million to IRS, Says That Means He's No Flight Risk

R. Kelly can't be a flight risk, his lawyer argues, because he owes the IRS nearly $2 million.

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