IRS to Retrieve Potentially Hundreds of Millions of Dollars From Americans Who Failed to File Tax Returns

In its latest enforcement action, the IRS is targeting taxpayers with taxable income who failed to file tax returns in order to boost tax collections.

The Internal Revenue Service (IRS) building in Washington, on June 28, 2023. Madalina Vasiliu/The Epoch Times

The Internal Revenue Service (IRS) announced a new effort aimed at boosting tax revenue from taxpayers who haven’t filed returns for several years, with the initiative expected to net at least hundreds of millions of dollars.

The new initiative, announced on Feb. 29, focuses on 125,000 cases of taxpayers with annual incomes over $400,000 who didn’t file tax returns between 2017 and 2021.