'This news stands in stark contrast to the approach taken by House Republicans, who want to allow wealthy tax cheats to continue business as usual,' said U.S. Senate Finance Committee Chair Ron Wyden.
as part of his recent deal with congressional Republicans to temporarily suspend the nation's debt limit.
The agency intends to contact about 1,600 people with incomes above $1 million and over $250,000 in tax debt, building on an earlier push that collected $38 million from more than 175 high-income earners. It also aims to expand a pilot program targeting large partnerships, with help from artificial intelligence . The IRS plans to launch examinations of 75 partnerships with an average of over $10 billion in assets—including hedge funds, law firms, and real estate investors—this month.
"The nation relies on the IRS to collect funding for every critical government mission—from keeping our skies safe, our food safe, and our homeland safe. It's critical that the agency addresses fundamental gaps in tax compliance that have grown during the last decade," he added. "There is a sea change taking place at the IRS in every aspect of our operations.
The commissioner pledged that "we will increase our compliance efforts on those posing the greatest risk to our nation's tax system, whether it's the wealthy looking to dodge paying their fair share or promoters aggressively peddling abusive schemes. These steps are critical for the future of the nation's tax system."
Americans For Tax Fairness was among the organizations that celebrated the announcement on social media,Groundwork Action
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