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Robert Kovacev Quoted on IRS Focus to Collect Taxes from High-Income Earners in the Washington Post

"Thousands of Millionaires Haven't Filed Tax Returns for Years, IRS Says"

Washington Post

Robert Kovacev commented on the Internal Revenue Service's (IRS) announcement that approximately 125,000 notices will be sent to high-income earners, including 25,000 people with annual income of more than one million dollars, who did not file returns in at least one year from 2017 to 2022, the first step to collecting any tax owed. Thousands of high-income earners have not filed tax returns for several years, but the IRS has had no way of following-up to ensure compliance due to lack of budget. Failing to file one year can lead to a snowballing effect, Kovacev said. "They forget one year, and then the next year, they say, 'Well, if I file now, I'll get in trouble for the year before'... Pretty soon, 15 or 20 years later, they're in a lot worse trouble," Kovacev noted.