Athletes, Celebrities, and Influencers Beware: The IRS Gears Up to Target High-income Non-filers
On February 29, 2024, the Internal Revenue Service (“IRS”) announced a new effort targeting high-income non-filers who have failed to file federal income tax returns. (IR-2024-56, Feb. 29, 2024). Based on recent IRS pronouncements and our experience with prior non-filer…