IRS to use AI to crack down on ultra-rich taxpayers and partnerships

According to the announcement, the program will target individuals with reported incomes above $1 million who have more than $250,000 in recognized tax debt. The agency cites 1,600 taxpayers in this category, collectively owing hundreds of millions of dollars in taxes. It also plans to expand its focus on digital assets, noting that 75 percent of taxpayers who use digital assets exchanges do not comply with tax laws.