IRS Narrows Tax Gap
The Internal Revenue Service is managing to make some progress on devising a strategy to narrow the tax gap, but significant challenges remain, says a new report by the Treasury Department Inspector General for Tax Administration. TIGTA said the current IRS strategy is more comprehensive and detailed than previous efforts, but still depends on several risk factors beyond the IRS's control, including additional funding for extra compliance resources, the enactment of legislative changes, successful implementation of information technology enhancements and the IRS's ability to manage other risks.
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