Are you interested in what this is?

It just may be an eye opener for you. The tax gap is what the IRS considers the difference between what taxpayers should have paid and what they did pay on time.

For 2001 the estimation is $345 billion. Since tax year 2001, with enforcement efforts the IRS has managed to recover $55 billion of that amount, bringing the net tax gap to $290 billion.

The IRS estimated that by March 2006 the tax gap would fall within a range of $312 billion to $353 billion.

This is a preview of: Have you heard about the tax gap?(384 words, estimated 1:32 mins reading time)

{"id":133,"date":"2006-02-23T12:22:40","date_gmt":"2006-02-23T17:22:40","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/the-government-finance\/have-you-heard-about-the-tax-gap"},"modified":"2006-02-23T12:22:47","modified_gmt":"2006-02-23T17:22:47","slug":"have-you-heard-about-the-tax-gap","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/the-government-finance\/have-you-heard-about-the-tax-gap","title":{"rendered":"Have you heard about the tax gap?"},"content":{"rendered":"\n\n\t

<\/p>

Are you interested in what this is?<\/p>\n\n\t

<\/p>

It just may be an eye opener for you. The tax gap is what the IRS<\/span> considers the difference between what taxpayers should have paid and what they did pay on time.<\/p>\n\n\t

<\/p>

For 2001 the estimation is $345 billion. Since tax year 2001, with enforcement efforts the IRS<\/span> has managed to recover $55 billion of that amount, bringing the net tax gap to $290 billion.<\/p>\n\n\t

<\/p>

The IRS<\/span> estimated that by March 2006 the tax gap would fall within a range of $312 billion to $353 billion.<\/p>\n\n