The IRS has unveiled plans to target "non-filers" with a new round of letters, starting with high-income taxpayers who haven't filed federal returns since 2017.
Starting this week, the agency will send letters to wealthy non-filers, with the first batch going to those earning $400,000 to more than $1 million.
Formerly known as CP-59 notices, the letters will go to between 20,000 and 40,000 non-filers per week, according to plans announced Thursday.
The IRS said recipients should take "immediate action" to avoid more letters, higher penalties and "stronger enforcement measures."
The agency urges non-filers to work with a tax professional to file past-due returns and calculate taxes owed, penalties and interest.
Persons:
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Organizations:
IRS, Finance, Fidelity