Paul L. Caron

Sunday, February 28, 2016

The IRS Scandal, Day 1025

GAO LogoThe GAO reports that the IRS's enforcement of the tax law is at high risk for fraud, waste, abuse, and mismanagement:

Government Accountability Office, U.S. Government's Fiscal Years 2015 and 2014 Consolidated Financial Statements (GAO-16-357R) (Feb 25, 2016):

Every 2 years, GAO provides Congress with an update on its High-Risk Series, which highlights federal entities and program areas that are at high risk due to their vulnerabilities to fraud, waste, abuse, and mismanagement or are most in need of broad reform. ... Another area included in the High-Risk Series that could affect the federal government’s financial condition in the future is the Internal Revenue Service’s (IRS) enforcement of tax laws, including reducing the net tax gap—the difference between taxes owed and taxes paid—which was last estimated to be $385 billion.

IRS News, IRS Scandal, Tax | Permalink


Dealing with the tax gap would mean going after IRS and other government workers though so...

Posted by: wodun | Feb 28, 2016 2:58:01 PM