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12mo ago

IRS targets wealthy ‘non-filers’ with new wave of compliance letters

www.cnbc.com IRS targets wealthy ‘non-filers’ with new wave of compliance letters

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.

IRS targets wealthy ‘non-filers’ with new wave of compliance letters

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.”

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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
Blows my mind that people earning that much aren't filing their taxes. It's hard to imagine that they're oblivious to the requirement, so they're just blatant cheaters?
- I was audited for $35.
  
  Were you "audited" or actually audited? So many people say they were "audited" when they actually just received a letter asking them to support what they claimed. An actual audit is a full review of absolutely everything to re-build up your returns from scratch and verify every little detail. Even for basic returns audits often take multiple days to complete.
  
  I paid my taxes with bill pay, they cashed the checks, but didn't apply them to the tax year because apparently they need to know the year to apply it to.
  
  That's crazy.
  
  What?! How'd that turn out?
- They not necessarily not paying taxes, just not filing.

17 comments