IRS puts 125,000 high-income individuals not filing tax returns on notice, to recoup millions owed

Summary: The Internal Revenue Service is reaching out to high-income individuals who haven’t filed a federal tax return in recent years, with the goal of recouping millions of dollars in unpaid taxes. The IRS is mailing notices to 125,000 high-income individuals who haven’t filed a federal income tax return since 2017. The agency will start sending those notices this week. IRS Commissioner Danny Werfel told reporters on Thursday that notices are going out to 25,000 individuals with more than $1 million in income, and 100,000 notices to people with incomes between $400,000 and $1 million between tax years 2017 and 2021. The IRS, by tapping into third-party data sources, believes these 125,000 individuals account for $100 billion in financial activity. Learn more about your ad choices. Visit megaphone.fm/adchoices