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Article: Tax Gap: Multiple Strategies, Better Compliance Data, and Long-Term Goals Are Needed to Improve Taxpayer Compliance.
- Article from:
- General Accounting Office Reports & Testimony
- Article date:
- January 1, 2006
CopyrightCOPYRIGHT 2006 Stonehenge International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GAO-06-208T October 26, 2005
Long-term budget simulations by GAO and others show that we face large and growing structural deficits due primarily to known demographic trends and rising health care costs. Reducing the annual tax gap--the difference between what taxpayers timely and accurately pay in taxes and what they should pay under the law--could help the nation cope with these long-term fiscal challenges. The tax gap arises through the underreporting of tax liabilities, underpayment of taxes due or "nonfiling" of required tax returns. This testimony discusses the findings of GAO's recent tax gap report. It addresses the significance of reducing the tax gap, ...
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Article: The Tax Gap: Measuring the IRS's Bottom Line
The CPA Journal;
April 1, 2006 ;
700+ words
...The IRS recently reported that the gross tax gap is estimated to be approximately $345 billion (see "IRS Updates Tax Gap Estimates," IR-2006 ... underpayment ("Understanding the Tax Gap," FS-2005-14, www.irs.eov/newsroom/). First ...
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