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Fortune
Fortune
Chris Morris

IRS focus on people who make $1 million per year yields $1 billion in past-due taxes

(Credit: Michael Bocchieri/Getty Images)

The Internal Revenue Service has hit a big dollar milestone in its efforts to collect overdue tax payments from millionaires.

The tax agency on Thursday announced it has surpassed $1 billion in past-due collections from high-wealth taxpayers over the past year. The compliance crackdown was first announced last fall.

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