After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
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New audit statistics hint that the tax collector is indeed combing through more tax returns filed by wealthy taxpayers — but it’s still too soon to say how tough the IRS gets with them, according to tax experts. And it’s too soon to be sure the taxman will go easy on less-wealthy households, even if there are encouraging signs, they add.
TaxWatch (January 2024): The IRS has collected more than $500 million in back taxes from delinquent millionaires
“It’s the…
