The tax gap
, or diference between the amount owed under tax law
and the amount actually paid on time, is estimated to be $345 billion. Addressing this gap
through improved voluntary compliance is a top priority of the treasury department.
The US budget provides $250 million in new
enforcement initiatives to improve compliance. These initiatives are expected to produce $1.9 Billion in additional annual enforcement
revenues once the new hires reach full potential in 2013.
What is this mean? It means more audits and compliance issues for taxpayers.
, or diference between the amount owed under tax law and the amount actually paid on time, is estimated to be $345 billion. Addressing this gap through improved voluntary compliance is a top priority of the treasury department.The US budget provides $250 million in new
enforcement initiatives to improve compliance. These initiatives are expected to produce $1.9 Billion in additional annual enforcement revenues once the new hires reach full potential in 2013. What is this mean? It means more audits and compliance issues for taxpayers.
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