Latest IRS Sweep of Wealthy Tax Cheats Has Recovered $172M So Far

These are cases where the IRS has received third-party information — such as through W-2 and 1099 filings — indicating these people received income above $400,000 but failed to file a tax return.

The separate campaign that was expanded in September is concentrated on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt. After collecting $38 million from more than 175 initial cases, the IRS expanded the effort last fall to around 1,600 cases.

Nearly 80% of these 1,600 millionaires with delinquent tax debt have now made a payment, according to the IRS, leading to over $1.1 billion recovered. This is an additional $100 million since July, when Treasury and IRS announced reaching the $1 billion milestone.

Credit: Adobe Stock