The U.S. Department of the Treasury and the IRS announced that a yearlong effort under the Biden administration to crack down on delinquent rich taxpayers has reached a “major milestone,” with more than $1 billion collected as a result of the campaign.
This large sum in tax debt from high-income individuals is a result of the tax agency’s $60 billion modernization initiative to improve customer service and catch rich tax evaders, the New York Times reported.
