The IRS (Internal Revenue Service) is ramping up its collection enforcement, announcing a "major milestone" of more than $1 billion collected in past-due taxes from American millionaires with over $250,000 in tax debt. Wealth! Host Brad Smith breaks down the move and some of the other crackdowns the IRS is initiating thanks to funding provided by President Biden's Inflation Reduction Act.

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This post was written by Melanie Riehl