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IRS Plans To Reduce Tax Gap Criticised,
by Mike Godfrey, Tax-News.com, Washington
Wednesday, August 11, 2010
The United States’ Internal Revenue Service (IRS) could do more to encourage
tax preparers to reduce the total USD345bn “tax gap,” according
to a report publicly released recently by the Treasury Inspector General for
Tax Administration (TIGTA).
The “tax gap” is the difference between the annual federal tax
obligation and the amount of tax the taxpayer pays voluntarily and timely. Taxpayers
who fail to file their returns, fail to make their payments on time, file taxes
but under-report their income, underpay the amounts owed, or file taxes but
over-report their expenses, all contribute to the 'tax gap.'
The individual income tax is the largest single source of federal receipts
and comprises over 71% of the tax gap. "Paid tax preparers prepared more
than half of individual tax returns in 2009," said TIGTA’s J. Russell
George. "The IRS must step up its efforts to engage this community in its
effort to close the tax gap."
While the IRS's 2009 Strategic Plan contains objectives and strategies designed
to reduce the tax gap by engaging the tax preparer community, the plan does
not contain sufficient measures for the IRS to evaluate its goals, TIGTA found.
Without specific performance measures, the IRS will not be able to monitor the
effectiveness of its preparer-engagement strategies, TIGTA said.
TIGTA recommended that the IRS update its current strategic plan to more clearly
define its future objectives and ensure more effective tax administration. The
IRS agreed to include TIGTA's recommendations in its next strategic plan, to
be issued in 2013.
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