IRS collects $1 billion in back taxes from high-wealth taxpayers

WASHINGTON, D.C.: The IRS has announced that it has collected $1 billion in back taxes from high-wealth individuals, marking a significant achievement for the agency.

This milestone demonstrates the IRS's effective use of the funds provided by the Biden administration's climate, health care, and tax legislation enacted in 2022.

The initiative is part of a broader effort by the IRS to improve its public i