IRS Is Targeting Millionaires

In a recent post about an IRS release, I wrote, "The IRS is portraying that it is focusing its enhanced enforcement activities to crack down on 'delinquent millionaires,' 'tax-evading millionaires,' and 'millionaire non-filers.'"^[1]

A recent article in Private Wealth confirms that the IRS is targeting millionaires:^[2]

IRS commissioner Daniel Werfel has made a crackdown on Malta plans a priority as the agency is committing fresh resources to pursue wealthy people. It’s also resolved about 175 delinquent tax cases involving millionaires, stepped up work on wealthy non-filers and focused on Americans seeking tax breaks in Puerto Rico.

See also Katelyn Washington, IRS Ramps Up Tax Enforcement for Millionaires, Kiplinger, July 18, 2023: "IRS tax enforcement led to the collection of $38 million from tax-evading millionaires. But the agency isn’t done making the wealthy pay up."