IRS and the tax gap
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IRS and the tax gap hearing before the Committee on the Budget, House of Representatives, One Hundred Tenth Congress, first session, hearing held in Washington, DC, February 16, 2007. by United States. Congress. House. Committee on the Budget.

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Published by U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. in Washington .
Written in English


  • United States. -- Internal Revenue Service -- Rules and practice.,
  • Taxpayer compliance -- United States.,
  • Tax collection -- United States.,
  • Tax administration and procedure -- United States.

Book details:

LC ClassificationsKF27 .B8 2007l
The Physical Object
Paginationiii, 123 p. :
Number of Pages123
ID Numbers
Open LibraryOL16506713M
ISBN 100160799007
ISBN 109780160799006
LC Control Number2008354654

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  Get this from a library! IRS and the tax gap: hearing before the Committee on the Budget, House of Representatives, One Hundred Tenth Congress, first session, hearing held in Washington, DC, Febru [United States. Congress. House. Committee on the Budget.]. Internal Revenue Service (IRS) to reduce the tax gap—the difference between taxes owed and taxes paid on time—and better enforce taxpayer compliance. Resource limitations and interest in minimizing taxpayer burden, however, prevent IRS from auditing anything but a small fraction. In January the IRS proposed a new reconciliation form, Schedule M-3, that for the first time allows the tax authorities to identify the causes of the book-tax-income gap. 12 Advance data from Schedule M-3 presented by Charles Boynton, Portia DeFilippes, and Ellen Legel of the IRS and Treasury's Office of Tax Analysis are revealing a very. The gross tax gap is the difference between total taxes owed and taxes paid on time. The Internal Revenue Service (IRS) estimates that over the past 30 years, the tax gap has fluctuated in a narrow range—15 to 18 percent of total tax liability. Some view the tax gap as a possible major revenue.

sources other than the IRS (73%), IRS applications on mobile devices (67%) or social media (46%), and family or friends (59%) valuable. • The IRS website and the toll-free number were the most used methods of initiating contact with the IRS in the last one year, excluding the filing of tax . IR, Septem WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates on tax years , and The results show the nation's tax compliance rate is substantially unchanged from prior years. The gross tax gap is the difference between true tax liability for a given period and the amount of tax that is paid on time.   Find resources on this page pertaining to the international tax gap — the difference between the amount of tax that taxpayers should pay and the amount that is paid voluntarily and on time. The tax gap can also be thought of as the sum of non-compliance with the tax law. International Tax Gap .   As a matter of equity and efficiency, then, it seems obvious that the I.R.S.’s limited enforcement dollars should go to policing high earners, both because they have the largest tax Author: Natasha Sarin.

[3] Difference between the TY and TY tax gap estimates accounted for by changes in economic activity, changes in compliance behavior and statistical variability. [4] The net tax gap is the gross tax gap reduced by the amount of enforced and other late payments that will eventually be collected. Change Due To: TY TY [1].   The most recent year of the latest IRS estimate of the tax gap is Major IRS enforcement expenditures, people, and activities were reported from to , the last year for which information is available. The information was taken from publicly available reports, primarily the annual IRS Data Books for – The review of IRS.   Shrinking this tax gap is possible if our leaders take two key actions: Fill the holes in the sources of income reported by third parties to the Internal Revenue Service and direct the IRS .   When comparing GAAP accounting to tax accounting, be aware of the pros and cons of these methods and their different focuses, purposes and characteristics. For example, GAAP accounting provides details about daily operations, while tax accounting has a specific focus on the company's tax .