Bridging the Tax Gap

Bridging the Tax Gap
Author: Max Sawicky
Publisher:
Total Pages: 160
Release: 2005
Genre: Business & Economics
ISBN:

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Offering thorough understanding of the crisis facing federal tax administration and suggesting practical approach to solving issues that have arisen.

Tax Gap

Tax Gap
Author: Michael Brostek
Publisher: DIANE Publishing
Total Pages: 25
Release: 2012-10-18
Genre: Business & Economics
ISBN: 1437988326

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Tax Gap

Tax Gap
Author: James R. White
Publisher: DIANE Publishing
Total Pages: 52
Release: 2011
Genre: Business & Economics
ISBN: 1437941303

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This is a print on demand edition of a hard to find publication. The Internal Revenue Service (IRS) does not know how many businesses failed to file required returns, nor does it have an estimate of the associated lost tax revenue -- the business non-filing tax gap. Many cases it does investigate are unproductive because the business does not owe the return IRS expects. This report assessed: (1) the data challenges of estimating the business non-filer tax gap; (2) how recent program changes have affected IRS's capacity to identify and pursue business non-filers; and (3) additional opportunities for IRS to use third-party data. The report reviewed IRS's tax gap estimates, non-filer program processes and procedures, and matched closed non-filer cases with various other data. Includes recommend. Charts and tables.

Bridging the Tax Gap

Bridging the Tax Gap
Author: United States. Congress. Senate. Committee on Finance
Publisher:
Total Pages: 392
Release: 2004
Genre: Business & Economics
ISBN:

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Tax Gap

Tax Gap
Author: U.s. Government Accountability Office
Publisher:
Total Pages: 26
Release: 2017-08-13
Genre:
ISBN: 9781974502073

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"Taxes are necessary because they fund the services provided by government. Several years ago, the Internal Revenue Service (IRS) estimated that the gross tax gap-the difference between taxes owed and taxes paid on time-was $345 billion for 2001. In the face of large and growing deficits, it is important to seek out potential causes and solutions to the tax gap.Achieving high levels of voluntary compliance is made more challenging as the tax code expands. Tax expenditures-preferential provisions in the code such as exemptions, exclusions, deductions, credits, and deferral of tax liability-have expanded the tax code, more than doubling in number since 1974.GAO's statement focuses on four key areas: (1) how complexity adds to taxpayer burden and economic efficiency costs; (2) how complexities in reporting income contribute to the tax gap; (3) how tax expenditures add complexity and contribute to the tax gap; and (4) possible strategies for addressing the tax gap. The statement is based largely on GAO's previous work conducted on tax compliance issues affecting individual taxpayers from 2005 through 2011. GAO does not make any new recommendations in this testimony"

Bridging the Tax Gap

Bridging the Tax Gap
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Total Pages: 384
Release: 2018-02-15
Genre:
ISBN: 9781985557116

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Bridging the tax gap : hearing before the Committee on Finance, United States Senate, One Hundred Eighth Congress, second session, July 21, 2004.

Tax Gaps

Tax Gaps
Author: Rondell Meinke
Publisher: Nova Science Publishers
Total Pages: 0
Release: 2013
Genre: Budget deficits
ISBN: 9781624174520

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Recent and projected large federal budget deficits have generated congressional and executive branch interest in increasing revenue by reducing the tax gap. Specific methods for lowering the tax gap may also be used as revenue offsets under the Pay-As-You-Go Act (PAYGO). Other motivations for reducing tax gaps include adverse effects on (1)public trust in the fairness of the tax system, which may adversely affect voluntary compliance with tax laws, and (2) economic efficiency, by providing an incentive for inputs of labour and capital to shift to those sectors of the economy with greater opportunities to evade taxes. This book defines tax gap concepts, explains the methodology used to estimate the tax gap, discusses the relationship between the tax gap and enforcement, explains the Internal Revenue Service's (IRS's) strategic priorities, examines the IRS return pre-payer initiative, and describes proposed legislation in the 112th Congress.

Bridging the Tax Gap

Bridging the Tax Gap
Author:
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

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A significant and pernicious problem facing the nation is the tax gap, the difference between what is owed in taxes and what is paid. Estimated to be over $300 billion annually, the tax gap represents an enormous revenue loss for the government. This lack of revenue often causes unnecessary increases in annual deficits and the national debt, increasing national interest payments and adding pressure to cut vital government services. Unfortunately, much of the gap must be made up eventually by honest taxpayers through higher taxes and by beneficiaries of federal investments through service cuts. Bridging the Tax Gap: The Case for Increasing the IRS Budget illustrates some of the factors that perpetuate the tax gap and offers practical solutions to the problem.

An Overview of the 'Tax Gap'

An Overview of the 'Tax Gap'
Author: Dave Rifkin
Publisher:
Total Pages: 44
Release: 2008
Genre:
ISBN:

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When taxpayers underreport their income, understate their income, or fail to file their tax returns the government must spend money to audit taxpayers, to assess the tax, to collect the tax, and to borrow money to cover the lost revenue. The amount of such noncompliance with the tax laws is called the quot;Tax Gapquot; and currently it is estimated to be $345 billion annually.This article describes the scope, the causes of, and the tools available to Congress and the IRS to close the Tax Gap. In particular, I examine the role enforcement and other methods play in closing the Tax Gap. Given the complexities involved, there is no single method that, by itself, will significantly reduce the Tax Gap. Instead, several methods - discussed herein - will need to be employed simultaneously to close the Tax Gap.