IRS Says Americans Underpaid Taxes By $688 Billion

The Internal Revenue Service (IRS) estimates that the gross tax gap amounts to at least $688 billion, resulting from Americans’ non-filing, underpaying, and underreporting of their taxes.

IRS Commissioner Danny Werfel said, “With the help of Inflation Reduction Act funding, we are adding focus and resources to areas of compliance concern, including high-income and high-wealth individuals, partnerships and corporations”.

Read More:  Daily Wire