How the IRS’s New Strategy Could Devastate High-Income Earners!
As retirees, staying informed about the latest tax developments is crucial, especially when they might impact your financial landscape. The Internal Revenue Service (IRS) has recently intensified its efforts to ensure tax compliance among high-income earners, partnerships, and individuals with foreign bank accounts. This move aims to bring equity back into the tax system, mainly targeting those who have historically seen lower audit rates. The Spotlight on Million-Dollar Earners and Large Tax Debts The IRS’s …