Caroline D. Ciraolo was quoted in a recent Bloomberg Tax article titled “IRS Goes After Wealthy Tax Scofflaws as More Complex Cases Brew,” published July 18th, 2023. The article discusses recent Internal Revenue Service efforts to bolster their enforcement capabilities as enforcement issues increase in complexity.
The article notes:
The IRS comes across millions of taxpayers each year who file returns but still have additional taxes due. The agency ended fiscal 2022 with about 9.4 million taxpayer delinquent accounts in its inventory, according to the IRS fiscal 2022 data book. The data book doesn’t include a breakdown by income level, and the IRS didn’t immediately have information about the number of open high-income, high-balance cases.
For that reason, its emphasis on delinquent tax cases is on target, Caroline Ciraolo, a partner at Kostelanetz LLP, said by email.
“The IRS is correctly focused on these cases and the IRA resources should be used to hire and properly train collection personnel to identify high income and high wealth taxpayers to collect balances due,” Ciraolo said.
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