{"id":22424,"date":"2024-09-06T21:11:27","date_gmt":"2024-09-06T21:11:27","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/09\/06\/latest-irs-sweep-of-wealthy-tax-cheats-has-recovered-172m-so-far\/"},"modified":"2024-09-06T21:11:27","modified_gmt":"2024-09-06T21:11:27","slug":"latest-irs-sweep-of-wealthy-tax-cheats-has-recovered-172m-so-far","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/09\/06\/latest-irs-sweep-of-wealthy-tax-cheats-has-recovered-172m-so-far\/","title":{"rendered":"Latest IRS Sweep of Wealthy Tax Cheats Has Recovered $172M So Far"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/904166873\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/05\/03_Scale_Balance_Money_Adobe_640x640-1.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/05\/03_Scale_Balance_Money_Adobe_640x640-1.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>These are cases where the IRS has received third-party information \u2014 such as through W-2 and 1099 filings \u2014 indicating these people received income above $400,000 but failed to file a tax return.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><em>Credit: Adobe Stock&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These are cases where the IRS has received third-party information \u2014 such as through W-2 and 1099 filings \u2014 indicating these people received income above $400,000 but failed to file a tax return. The&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/09\/latest-irs-sweep-of-wealthy-tax-cheats-has-recovered-172m-so-far.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22424"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22424"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22425"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}