IRS Recovers $172M from Wealthy Taxpayers

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IRS systems

Internal Revenue Service | An official website of the United States government

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U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives | Internal Revenue Service

Summary

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78% Informative

$172 million recovered from wealthy taxpayers who have not filed tax returns since 2017 in first six months of new initiative IR-2024-233, Sept. 6, 2024 .

IRS in February 2024 launched initiative to pursue 125,000 high-income, high-wealth taxpayers who haven't filed taxes since 2017 .

Nearly 80% of these 1,600 millionaires with delinquent tax debt have now made a payment, leading to over $1.1 billion recovered.

The IRS has reached a critical milestone in modernizing a core technology component of the Individual Master File , by porting the outdated Assembly -based codebase to Java , a more modern, more sustainable language.

The project was delayed for years due to underfunding.

The system's data will be hosted in the Enterprise Data Platform, a modern, cloud-based system.

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formal

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English

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