Published 1 year ago

Tax gap rises as IRS finds amount of unpaid taxes is increasing

Summary by Click on Detroit

The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday. For tax years 2014 through 2016, the estimated gross “tax gap” rose to $496 billion a year, an increase of more than $58 billion from prior estimates. IRS data released Friday projects that for 2017 to 2019, the estimated average gross tax gap will be $540 billion per year. Ensuring that people actually pay their taxes is one of the tax collection agency’s biggest challenges.

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Associated Press News

IRS: Growing gap between US income taxes owed and paid

WASHINGTON (AP) — The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday.

1 year ago·United States

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abc News

IRS: Growing gap between US income taxes owed and paid

The IRS says the amount of income tax money owed but not paid to the government is projected to grow

1 year ago·United States

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The Hill

Tax gap rises as IRS finds amount of unpaid taxes is increasing

The amount of taxes owed but not paid to the government is increasing, an IRS report released Friday has found. The shortfall, known as the “tax gap,” is measured every three years. The latest numbers show that it went up by $58 billion to $496 billion for the three-year period ending in 2016, from $438…

1 year ago·Washington, United States

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Winnipeg Free Press

IRS: Growing gap between US income taxes owed and paid

WASHINGTON (AP) — The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday. For tax years 2014 through 2016, […]

1 year ago·Winnipeg, Canada

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Financial Post

IRS: Growing gap between US income taxes owed and paid

WASHINGTON (AP) -- The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday. Read More

1 year ago·Canada

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Click on Detroit

IRS: Growing gap between US income taxes owed and paid

The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday. For tax years 2014 through 2016, the estimated gross “tax gap” rose to $496 billion a year, an increase of more than $58 billion from prior estimates. IRS data released Friday projects that for 2017 to 2019, the estimated average gross tax gap will be $540 billion per year.Ensuring that people actually pay their taxes is one of the tax colle…

1 year ago·Detroit, United States

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