Tax Gap Panel Says Show Me The Money
Jul 14th, 2008 | By Dawn R. Rivers | Category: RegulationsA new report released recently by the Government Accountability Office (GAO) recommends that enforcement action to address the tax gap should focus on the small number of large dollar non-compliant taxpayers, regardless of their structure — corporation, partnership, sole proprietor or individual. That, said panelists at a forum jointly hosted last September by the GAO, the Congressional Budget Office and the Joint Committee on Taxation, would yield more money at less expense than chasing after all those noncompliant self-employed individuals with small dollar tax gap liabilities. Microbusiness advocates like the National Association for the Self-Employed are happy; but, of course, whether lawmakers take these recommendations to heart remains to be seen.
