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IRS Announces New Crackdown on High Earners Who Failed to File Taxes
February 29, 2024 at 02:47 PM
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What You Need To Know
- Taxpayers earning $400,000 or more have failed to file federal returns in more than 125,000 instances since 2017.
- This week, the IRS said that it will be sending compliance alert letters to these nonfilers.
- IRS is using funds provided by the Inflation Reduction Act to rejuvenate the IRS' nonfiler program.
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