The IRS is cracking down on wealthy taxpayers who haven’t filed their tax returns since 2017. In the first six months of a new initiative launched under the Inflation Reduction Act, the IRS recently accounted it has recovered $172 million from 21,000 high-income earners. The focus is on individuals with incomes between $400,000 and $1 million—or even higher—who have avoided their tax responsibilities. The IRS is also targeting those with significant tax debts, collecting over $1.1 billion from delinquent millionaires since the program’s expansion in 2023.
This aggressive enforcement sends a clear message: if you’ve neglected to file or pay taxes, now is the time to take action. The IRS has more resources than ever before, and the window for settling your tax situation before enforcement catches up is narrowing. Even high-income taxpayers with complex financial situations are not immune from scrutiny.
How We Can Help
If you fall into one of these high-income categories and have concerns about your past tax filings or unpaid debts, it’s essential to get professional legal help. Our firm specializes in tax resolution, ensuring you can negotiate payment plans, settle your debts, or even correct IRS errors to minimize your liabilities. With our expert guidance, you can take proactive steps before the IRS forces your hand.
Don’t wait until it’s too late. Contact us today to discuss your tax situation and explore your options for resolving outstanding tax issues.