IRS defines the Tax Gap as the difference between true tax liability for a given tax year
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Question:
She has left the service with some difficult shoes to fill. Nina was required by statute to deliver two reports to Congress each year, an Annual Report, delivered in January, and an Objectives Report, delivered in June, outlining the most serious problems facing taxpayers. The IRS has implemented hundreds of recommendations she has made for administrative change. Upon her retirement, Bridget T. Rogers served as acting NTA until the announcement of the permanent replacement on February 27, 2020, of Erin M. Collins (https://www.taxpayeradvocate.irs.gov/about-us/our-leadership/).
1. https://home.treasury.gov/news/press-releases/sm920
2. https://www.forbes.com/sites/kellyphillipserb/2020/02/27/irs-names-new-national-taxpayer-advocate/?sh=8ffb03a3cb4e
In Nina's 2007 National Taxpayer Advocate Annual Report (https://www.irs.gov/pub/tas/arc_2007_vol_1_cover_msps.pdf) she addressed the issue of non-compliance and the resulting tax gap. It has remained an area of concern. Please look only at the summary pages vi and vii. A good deal of the uncollected funds are attributable to business income of individual filers, sole proprietors.
Discuss the Tax Gap. Were you aware of the magnitude? Are you aware of any changes that have been made to encourage compliance of the sole proprietor?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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