Question
There are pertinent political and economic issues relative to the tax gap. Complete the two items below: the main sources of the tax gap and
There are pertinent political and economic issues relative to the tax gap. Complete the two items below: the main sources of the tax gap and issues that arise concerning the tax gap.
The main sources of the tax gap are:
Underreporting of (deductions/ net taxable income/ nontaxable income/ nondeductible expenses) .
Underpayment of (estimated payments/ tax liabilty) .
(late returns/ amended returns/ returns not filed) .
The issues that arise concerning the tax gap include the following:
Should the IRS hire more (administrative/ enforcement/ supervising) personnel, and what should they examine?
Can abuse of confidential information result from too much (audit/ congressional/ treasury) activity?
Why should the government not attempt to close the tax gap in full and thereby eliminate most of the (federal deficit/ trade deficit/ annual budget deficit/ annual budget surplus) ?
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