April 23, 2013
IRS Improving at Collecting Taxes, but Oversight Agency Says Changes are Needed to Ensure Balance and Effectiveness
The most recent estimate of the Tax Gap is $385 billion, and the the Internal Revenue Service needs to do more to collect those funds, according to a new report. The Tax Gap is the amount of taxes the agency estimates is owed, but is not reported or paid by U.S. taxpayers each year.