IRS Targets ‘High-Income Taxpayers,’ Collects $520 Million

The IRS made the announcement on Friday.

The top of a form 1040 individual income tax return for 2005 is seen atop a stack on the same at the Des Plaines Public Library in Des Plaines, Ill., on March 23, 2006. Tim Boyle/Getty Images

The Internal Revenue Service (IRS) announced that it collected some $360 million from tax-delinquent millionaires, coming after the federal agency collected about $122 million from wealthy Americans in October.

Separately, the agency said that it is increasing its efforts to target Americans who make more than $1 million in income yearly and have more than $250,000 in tax debt, according to a news release.