The IRS says Americans failed to pay some 688-billion dollars in taxes due on their 2021 tax returns. That’s a record for unpaid taxes and the IRS says it won’t happen again.
The tax agency said in a report Thursday it’s going to step up audits and other enforcement, particularly of high-income taxpayers.
The IRS said that two-thirds of a trillion dollars in unpaid taxes includes more than 540-billion due to underreported income. The rest is because of people who didn’t file returns when they should have or never paid their bills.
