tax gap: Are You Reporting All of Your Income?
- 02/28/08 06:27 PM
Are You Reporting All of Your Income? The IRS is stepping up its efforts to close the tax gap and taxpayers who underreport income are their prime targets. For those of you who are unaware, the tax gap, or the amount of taxes that go unpaid each year, results from taxpayers underreporting their taxable income. Current estimates place the tax gap at nearly $350 billion. Fortunately most of you want to pay your fair share of taxes, and others simply need a better understanding of their obligations. While most of you are aware you must include wages, salaries, interest, dividends, tips, … (4 comments)
Are You Reporting All of Your Income? 
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