IRS Compliance Effort Targets High-Income Non-Filers
The IRS, with Inflation Reduction Act funding, is sending compliance letters to over 125,000 high-income individuals who haven't filed tax returns since 2017. This includes notices to those earning over $1 million and between $400,000 to $1 million for tax years 2017-2021. CP59 Notices are mailing out, urging compliance.
High earners with unfiled returns face escalating penalties and enforcement actions. Ignoring IRS notices can worsen your situation. Tax Resolution 1st can help navigate these issues, offering assistance in filing late returns and negotiating with the IRS.
For immediate help with tax compliance and to avoid further penalties, contact Tax Resolution 1st at 480-905-2357. Don't let tax concerns escalate; let our experts guide you to resolution.
