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Washington – An IRS calculation that taxpayers shortchanged the government by $345 billion in 2001 may understate the problem, Treasury Department inspectors said Tuesday.
Auditors studied IRS research methods and concluded that the tax agency does not have enough information to completely and accurately measure a figure known as the tax gap, an estimate of the amount taxpayers owe but don’t pay.
“In all three compliance areas across the major tax-gap segments, there are concerns about whether the tax-gap projections are complete and accurate,” said the report from the Treasury Department Inspector General for Tax Administration, which provides independent oversight of the tax agency.
