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Author: Gilbert L. Carey

WHAT TO EXPECT FROM THE IRS

In a recent announcement from IRS, Commissioner Chuck Rettig stated that the pandemic continues to create challenges for the agency. Pandemic mitigation measures, personnel shortages, budget constraints, mail processing backlogs, and constant shifting of priorities – e.g., mailing stimulus payments…

What is the Tax Gap?

The tax gap, as defined by the IRS, is the difference between the amount of tax owed by taxpayers for a given year and the amount that is actually paid voluntarily and timely. The tax gap is intended to represent,…