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IRS Collects $1 Billion In Back Taxes From Millionaires

WASHINGTON, D.C. - JANUARY 03: The U.S. Flag flys above the International Revenue Service ... [+] headquarters building on January 3, 2024, in Washington, D.C. (Photo by J. David Ake/Getty Images)Getty Images In a press release, the IRS announced the collection of $1 billion in past-due taxes from millionaires since 2023. That year, the agency launched an initiative to pursue high-income, high-wealth individuals who have failed to pay their recognized tax debt. This particular phase of the initi...

Read more at forbes.com

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