IRS said increased enforcement of millionaires with tax debt netted $1 billion

IRS said increased enforcement of millionaires with tax debt netted $1 billion

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The IRS has successfully collected over $1 billion in tax debt from wealthy individuals. Last year, the agency announced plans to intensify efforts to ensure that individuals earning more than $1 million annually pay their taxes. However, the IRS has faced resource constraints over the past decade, limiting its ability to pursue high-income individuals who owe taxes.

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