Topic
Tax Gap
9 published works
21st Century Taxation
Why increase the 1099 filing threshold (why increase the tax gap)?
Over the years there have been proposals to increase the filing threshold under IRC §6041 for 1099-MISC and 1099-NEC which has been $600 since 1954. But, as I've posted about…
21st Century Taxation
Some Tax Figures Should Not Be Adjusted for Inflation
Inflation adjustments to tax rules such as the individual tax brackets and standard deduction make sense to avoid "bracket creep" where inflation might put an employee into a higher bracket…
TaxSlaw
The Closely Held Business and The Tax Gap
By Louis Vlahos, Laura Ordonez
Have you ever wondered whether you were barking up the wrong tree? That the solution to a problem may be found, not in the approach to which you were already…
Simple Justice
Selling of The Tax Gap Fix
To the motivated believers at the bottom of the critical-thought challenged pyramid, there are two abiding beliefs. Tax the rich and get stuff free. The former, because no one deserves…
TaxSlaw
“Opaque Income Sources” + “Tax Gap” = More Enforcement + Tax Hikes = Anyone’s Guess
By Louis Vlahos
Tax Gap In a report released last week, the U.S. Treasury Department explained that the so-called “tax gap” – i.e., the difference between the amount of federal income taxes owed…
21st Century Taxation
Wow! IRS Comm’r Rettig Estimates Annual Tax Gap at $1 Trillion!
Today (April 13, 2021) the Senate Finance Committee held a hearing on The 2021 Filing Season and 21st Century IRS. The sole witness was IRS Commissioner Charles Rettig. There are three…
Labor & Employment Law Navigator
Some IRS activity for employers to note
The Internal Revenue Service had some activity this past week that employers should keep an eye on. One was a new "Tax Gap" study, which analyzed the 2006 tax year.…
Nonprofit Law Prof Blog
Bills Seek to Deny Grants to Delinquent Taxpayers
Over the past six months the General Accounting Office (GAO) has been reporting on the causes of the tax gap -- the differences between taxes owed and taxes collected (currently…
Nonprofit Law Prof Blog
Exempt Organizations and the “Tax Gap”
The GAO is conducting a series of investigations into the causes of the "tax gap" -- the difference between the amount of taxes that should legally be paid to the…