IRS Collects Over $520 Million in Back Taxes from Wealthy Tax Evaders

Increased enforcement efforts, funded by the Inflation Reduction Act, target high-income taxpayers and large corporations.

The IRS has collected over $520 million in back taxes from wealthy tax evaders since the enforcement of the tax code was increased.
The IRS has been focusing on high-income taxpayers, large corporations, and complex partnerships, with a particular focus on taxpayers with an income of over $1 million and a recognized tax debt of over $250,000.
The increased enforcement was made possible by the Inflation Reduction Act, which allocated $80 billion over 10 years to enhance the IRS's enforcement capabilities.
Despite a reduction of $20 billion in funding due to a debt ceiling deal, the IRS has continued its enforcement efforts and plans to spend the remaining $60 billion allocation over the next decade.
The IRS has also opened examinations into 76 of the largest partnerships in the U.S., including hedge funds, real estate investment partnerships, and large law firms.