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IRS Fails to Collect 127 Billion in 1992 Tax Gap
GAO report says IRS collected no more than 127 billion in taxes owed in 1992, while audits fell to 1981 levels. It notes misclassified audits and a widening gap, with enforcement staffing declining since 1988 and funds shifted from compliance to processing.
MENTIONED IN THIS ARTICLE
IRS
Washington
Internal Revenue Service
General Accounting Office
GAO
Margaret Milner Richardson
John Olver
D-Mass
House Appropriations Subcommittee
Olver
Frank Keith