Many taxpayers have found a new stream of income with what the IRS refers to as the “Sharing Economy.” Websites such as Air BNB, Uber, and Lyft are just a few examples of this new income source.
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" The IRS will send notices to thousands of people who made more than $400,000 and did not file returns in at least one year from 2017 to 2022, the first step to collecting any tax owed."😳![]()
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Thousands of millionaires haven’t filed tax returns for years, IRS says
www.washingtonpost.com
The IRS said it stopped sending letters to people who didn’t file their tax returns, when the agency was strapped for funds. Now it’s going after the money.