IRS Examination Rates Have Declined For Both Individual And Corporate Income Tax Returns
from the Congressional Budget Office
The Internal Revenue Service (IRS) collected $3.5 trillion in taxes in 2018, nearly 95 percent of total federal revenues. To do so, it relied largely on taxpayers to report their income, calculate the amount of tax they owed, and remit that amount to the IRS through withholding or other payments. However, some taxpayers have failed to pay hundreds of billions of dollars in taxes, the IRS estimates. Policymakers have expressed interest in how changes in IRS funding, particularly for enforcement of tax laws, could increase the federal government’s tax revenues.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202007100617
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