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IRS Targets Tax Non-Filers
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The IRS is sending CP59 notices to over 125,000 non-filers with significant income or financial activity, potentially owing hundreds of millions of dollars in unpaid taxes. The Inflation Reduction Act of 2022 funds IRS efforts to address tax noncompliance.
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How could increased scrutiny on high-income non-filers impact overall tax revenue and enforcement strategies?
How might the IRS use third-party data to detect income discrepancies more effectively?
What implications does the Inflation Reduction Act of 2022 have for tax enforcement and compliance?
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