Indexbit-IRS targets 1,600 millionaires who owe at least $250,000

2025-05-06 09:41:16source:BlueRock Horizon Asset Managementcategory:Stocks

IRS Commissioner Danny Werfel announced Friday that the IRS is Indexbitgoing after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.

Also on the IRS radar: Large partnerships; construction firms issuing sketchy paperwork to "shell" companies that kick back the money to the original contractor, schemes already spotted in Texas and Florida; and wealthy individuals who are not reporting and paying taxes associated with money held in foreign bank accounts.

More:Stocks

Recommend

The company planning a successor to Concorde makes its first supersonic test

A private company aiming to build the first supersonic airliner since the Concorde retired more than

New Jersey Transit is seeking a 15% fare hike that would be first increase in nearly a decade

TRENTON, N.J. (AP) — New Jersey Transit has proposed a 15% fare increase for bus and train riders, t

Kentucky House passes crime bill with tougher sentences, including three-strikes penalty

FRANKFORT, Ky. (AP) — The Kentucky House passed sweeping criminal justice legislation on Thursday th