this post was submitted on 12 Jul 2024
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[–] Buelldozer@lemmy.today 5 points 2 months ago* (last edited 2 months ago)

It's nowhere close to a full accounting. The IRS just plucked some extremely low hanging fruit by going after 1600 specific individuals that they already knew owed at least $250,000.

For TY 2024 the effort is being expanded and they are going to go after 25,000 high income earners who didn't file taxes (at all) in TY 2017 and later. The IRS knows who they are and has already sent them letters warning them that their audits are coming soon.

It's good stuff but its still more low hanging fruit. The hard work is going to start in TY 2025 when they start auditing the large companies.