"

Estimated reading time: 1 minute, 27 seconds

IRS Letters Target Big Nonfilers

The Internal Revenue Service says it is sending out 125,000 compliance letters to high-income taxpayers who have not filed returns since 2017. This includes the mailing of 25,000 letters to those with more than $1 million annual income. 

The other 100,000 letters (CP59 notices) are going to more than individuals with incomes of between $400,000 and $1 million in income between tax years 2017 and 2021. Some non-filers have multiple years included in the case count so the number of individuals who are the subject of this effort is less than the number of letters.

In all cases, the IRS has received third-party information that the individuals had income in the reported ranges, but failed to file returns. 

The effort to chase down these taxpayers has been only sporadically since 2016 because of lack of funding. The new campaign was made possible by funds in the Inflation Reduction Act.

Compliance letters have started going out with about 20,000 to 40,000 more to be sent each week, beginning with those in the highest-income categories. 

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 1014 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.