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'Gap between US income taxes owed and paid set to keep growing'

IndiaTimes Friday, 13 October 2023
The IRS projects that the amount of unpaid taxes owed to them will continue to grow, with the gross tax gap reaching $688 billion for 2021 and $601 billion for 2020. This represents a significant increase compared to previous years. The IRS is focused on improving compliance efforts, particularly among high-income individuals, partnerships, and corporations. The Inflation Reduction Act is providing funding to support these efforts.
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