The IRS on Thursday unveiled plans to target wealthy "non-filers" with a new round of compliance letters. Here's what taxpayers need to know.
  • The IRS on Thursday unveiled plans to target wealthy “non-filers” with a new round of compliance letters.
  • Non-filers making between $400,000 and more than $1 million with unfiled federal returns from tax years 2017 to 2021 will receive the initial round of letters.
  • The agency urges recipients to take “immediate action” to avoid more letters, higher penalties and “stronger enforcement measures.”
  • sylver_dragon@lemmy.worldEnglish
    382·
    5 months ago

    The US government lives on paperwork. One of the most important things one can do in the government is generate paperwork to prove you have generated paperwork. It seems like a hopelessly pointless exercise, until said paperwork is used to bury someone in court. It removes any doubt that the target of the action was aware of their obligations and the possible results of failing those obligations.