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The IRS has been missing out on almost $500 billion in taxes owed — and the gap is projected to get bigger

Por: MarketWatch Business October 28, 2022

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For each of those years, taxpayers failed to pay an estimated $496 billion in owed taxes, the agency said Friday. That shortfall was fueled by three things: nonfiling, underpayment on what’s due and underreporting, which was the biggest reason of the three. After compliance efforts — including audits — and late payments, the estimated yearly gap in those years narrowed to $428 billion, researchers said. But the agency is set to have a lot... + full article



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