Current:Home > reviewsPredictIQ Quantitative Think Tank Center:IRS targets 1,600 millionaires who owe at least $250,000 -MarketLink
PredictIQ Quantitative Think Tank Center:IRS targets 1,600 millionaires who owe at least $250,000
Poinbank Exchange View
Date:2025-04-11 04:38:12
IRS Commissioner Danny Werfel announced Friday that the IRS is PredictIQ Quantitative Think Tank Centergoing 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.
veryGood! (28)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Pepe Aguilar is putting Mexican culture at the front and center with ‘Jaripeo: Hasta Los Huesos’
- Meghan Markle Makes Rare Public Appearance at Children's Hospital
- Nick Cannon and Abby De La Rosa's Son Zillion, 2, Diagnosed with Autism
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Mega Millions winning numbers in April 2 drawing: Jackpot climbs to $67 million
- SUV rams into front gate at FBI Atlanta headquarters, suspect in custody
- LeBron James' second children's book, I Am More Than, publishes Tuesday
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The Real Reason Paris Hilton and Carter Reum Don't Share Photos of Baby Girl London
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- National Burrito Day 2024: Where to get freebies and deals on tortilla-wrapped meals
- Ye, formerly Kanye West, accused of 'spreading antisemitism' at Donda Academy in new lawsuit
- Nick Cannon and Abby De La Rosa's Son Zillion, 2, Diagnosed with Autism
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- 1 person hospitalized after dorm shooting places North Carolina university on lockdown
- Did women's Elite Eight live up to the hype? Did it ever. Iowa-LSU, USC-UConn deliver big
- Vanderpump Rules' Ariana Madix Makes Sex Dig at Ex Tom Sandoval Over His Dirty Underwear
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Miranda Lambert, Billie Eilish, Nicki Minaj submit letter to AI developers to honor artists’ rights
Tennis Star Aryna Sabalenka Thanks Fans for Outpouring of Support After Ex Konstantin Koltsov's Death
The EPA Cleaned Up the ‘Valley of the Drums’ Outside Louisville 45 Years Ago. Why Did it Leave the ‘Gully of the Drums’ Behind?
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Minnesota Twins' Byron Buxton nearly gets run over by bratwurst in Milwaukee Brewers' sausage race
Trump sues two Trump Media co-founders, seeking to void their stock in the company
Travis Kelce announces lineup for Kelce Jam music festival. Will Taylor Swift attend?