Money Grab

The IRS is cleaning up:

Announced in a news release, the agency said in an update that it has recovered $172 million from 21,000 “wealthy taxpayers” who haven’t filed tax returns since 2017. That tax revenue was collected in the first six months of the initiative, it said. The agency launched its initiative in February to go after certain wealthy taxpayers who hadn’t filed returns since 2017. The IRS said it had received third-party information—including from W-2 tax forms filed by others—that suggested those individuals have an income between $400,000 and $1 million or more, but didn’t file their returns. In addition, about 80 percent of 1,600 millionaires who were targeted had delinquent tax debt and have now made a payment to the IRS, the tax agency said, adding that more than $1.1 billion has been recovered so far. “This is an additional $100 million just since July, when Treasury and IRS announced reaching the $1 billion milestone,” the IRS said.

Your money is their money now...