IRS Going After Millionaires for Payment of Back Taxes

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I announced today that it's owed hundreds of millions of dollars in back taxes and they're going after millionaires and big businesses. In a statement, the agency's commissioner said the years of underfunding that predated the inflation reduction act led to the lowest audit rate of wealthy filers in our history. Each of the 1600 millionaires targeted, owe at least $250,000. The agency says they will be aided by A I technology that's able to discover patterns of tax avoidance, easier than in the past. The IRS will begin the process of reclaiming these back taxes as early as next month.