States, Local Governments Consider Aggressive Tax Collection Efforts To Plug...
All of the taxes in the world don’t mean a thing if you can’t collect on them – or so many states and localities are figuring out these days. Taxing authorities from Tennessee to New Jersey are...
View ArticleCongress, Ignoring History, Considers Turning Over Tax Debts To Private...
The tax gap in the United States is estimated to be about $385 billion. The tax gap is the difference between what the Internal Revenue Service (IRS) expects to collect in taxes and what they actually...
View ArticleTax Collections Hit Record Highs With No Dip In Spending
With two more months left to go in the fiscal year, the feds are on a roll. Tax revenues for the first ten months of the fiscal year topped a record $2,672,414,000,000 (report downloads as a pdf)....
View ArticleIRS Will Limit Collections Activities During COVID-19 Crisis
The Internal Revenue Service (IRS) has announced a series of steps to assist taxpayers impacted by COVID-19. Relief ranges from easing payment guidelines to postponing compliance actions. COVID-19 is...
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