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Learn More.pdf

tax_gap_report_final_080207_linked.pdf
Preview of Learn more
🔗 Source: irs.gov
📊 Size: 848 KB
👤 Author: Leann Ruf
⬇️ Downloads: 51

Summary

The US Internal Revenue Service (IRS) aims to reduce the federal tax gap, estimated at $345 billion in 2001, by improving voluntary compliance. The IRS estimates that 86% of tax liabilities were collected in 2001, leaving a net tax gap of $290 billion. To address this, the IRS has set goals to achieve 86% voluntary compliance by 2009 and 90% by 2017. The report outlines steps to increase voluntary compliance, including improving taxpayer service, enhancing research, and investing in technology. The Administration's FY 2008 Budget request includes $11.1 billion for the IRS, a 4.7% increase, to support these efforts. Six initiatives aim to improve enforcement, and additional funds will target taxpayer service and modernization programs.

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Description

The US Internal Revenue Service (IRS) aims to reduce the federal tax gap, estimated at $345 billion in 2001, by improving voluntary compliance.

Technical Information

  • File Format: PDF
  • File Size: 848 KB
  • Pages: 100
  • Language: EN
  • Author: Leann Ruf
  • Total Downloads: 51
  • Last Updated: 3 months ago

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