The IRS collected $1 billion in back taxes from high-wealth tax cheats, showcasing the agency's utilization of funds from Biden's 2022 package to target tax evasion.
The IRS's focus on pursuing high-wealth individuals with over $1 million in income and significant tax debt is part of their effort to increase tax fairness and compliance.
Initiatives target issues like partnership basis shifting and improper deductions, aiming to increase IRS effectiveness and improve public perception of the agency.
Demonstrating the positive impact of IRS enforcement on tax compliance without burdening average American taxpayers could generate increased public support for these efforts.
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