Drake Software blog for tax pros, covering tax, IRS news, and more

IRS Needs Decrease Losses

IRS Needs Decrease Losses

The IRS has reported new figures to shed some light on the problem of the ever increasing tax gap, which is now an astonishing $450 billion a year, a 30% increase from five years ago. For those who may be confused, the tax gap is the amount of taxes that are owed but not paid to the US Treasury.…

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