The Internal Revenue Service (IRS) has used funding from the Inflation Reduction Act (IRA) to enhance tax collection enforcement against US HNWIs with recognised tax debt.
Alongside this, the funding has been used to target improved tax enforcement against corporations and the use of AI to identify non-compliant large partnerships.
The IRS said that over ten years of budget cuts had hampered enforcement efforts against wealthy individuals with overdue tax bills as avoidance att...
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