Michelle Ferreira and Barbara T. Kaplan (Greenberg Traurig LLP): The IRS Announced a New Non-Filer Initiative Over a Year Ago – Now We See the Enforcement (June 14, 2021)

Michelle Ferreira and Barbara T. Kaplan, of Greenberg Traurig LLP, have made available for download their article, “The IRS Announced a New Non-Filer Initiative Over a Year Ago – Now We See the Enforcement,” published in a Greenberg Traurig Tax. The article begins as follows:

In February 2020, the IRS announced that it would step up efforts to contact high-income taxpayers (defined as earning $100,000 or more per year), who in prior years have failed to file one or more tax returns. The IRS’s enforcement effort in 2020 was announced, in part, in reaction to a 2018 GAO study that showed a 40% decline in non-filer investigations since 2010. Indeed, by 2018, non-filer investigations declined to .8 million for individuals and .4 million for businesses. The decline in IRS non-filer investigations was a result of reduced IRS resources and funding.

To see the full article, click here: “The IRS Announced a New Non-Filer Initiative Over a Year Ago – Now We See the Enforcement.”

Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.

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