“The IRS announced Friday that it will use new funds from the Inflation Reduction Act to adopt cutting-edge artificial intelligence tools to crack down on thousands of millionaires and dozens of large business partnerships that owe the agency considerable amounts in back taxes.
The new effort will focus on 1,600 taxpayers who have incomes above $1 million that have more than $250,000 in tax debt and large, complex business partnerships that have more than $10 billion in assets that owe the government large sums. It will not affect those earning less than $400,000 a year, the agency announced…”
Source: IRS to use AI to crack down on millionaires and large business partnerships that owe back taxes. By Nihal Krishan, September 12, 2023. FedScoop.
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