The IRS is tackling fraud and abuse in the ERC tax credit, which expired in 2021 due to claims boom. The credit has cost taxpayers $230 billion, triple earlier estimates.

October 25, 2023 10:31 am by CWR

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The IRS has detailed tax dodging by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes, per BI.

— Win Smart, CFA (@WinfieldSmart) October 25, 2023

See also "Investors bought 1 of every 6 U.S. homes that sold, purchasing $43 billion worth of properties, and 1 of every 4 low-priced homes that sold."

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