The IRS projects that the amount of unpaid taxes owed to them will continue to grow, with the gross tax gap reaching $688 billion for 2021 and $601 billion for 2020. This represents a significant increase compared to previous years. The IRS is focused on improving compliance efforts, particularly among high-income individuals, partnerships, and corporations. The Inflation Reduction Act is providing funding to support these efforts.
- News Source Indiatimes (Click to view full news): CLICK HERE
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