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The wealthy are rarely caught for not filing their taxes, according to a recent audit by the Treasury Inspector General for Tax Administration.
From 2014 to 2016, a collective $45.7 billion was owed by 879,415 high-income nonfilers.
Of these nonfilers, 369,180 weren’t worked on by the IRS for tax collection and 510,235 are sitting in the IRS’ inventory to be worked on — and they likely won’t be because of declining resources.
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The IRS is rarely chasing down the wealthy who don’t file their taxes, a recent audit by the Treasury Inspector General for Tax Administration (TIGTA) found.
TIGTA conducted the audit to determine if the IRS’ strategy for high-income nonfilers — which was developed to contact taxpayers with significant income tax liability who hadn’t voluntarily filed tax returns — is effective. Turns out, it’s not. See the rest of the story at Business Insider
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SEE ALSO: How to file taxes for 2019
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