HILL TAX BRIEF: IRS Crackdown on Rich Non-Filers Brings Anxiety

Wealthy taxpayers are racing to file tax returns before the IRS comes knocking.

The agency said in February it’s going to up the pressure on rich non-filers, setting off a rush for those wealthy individuals to comply before they receive collection notices, tax professionals said.

“People who have been anxious about not filing are now becoming more anxious because it seems like the IRS might contact them,” said Megan Brackney, a tax controversy lawyer at Kostelanetz LLP.

The move from the IRS comes after decades of under-funding and under-enforcement. After the Democrats’ 2022 tax-and-climate law injected new money into the ...