IRS Sheds Light on a Staggering $688 Billion Tax Gap: A Call for Urgent Measures

In a recent unveiling, the Internal Revenue Service (IRS) shed light on a historic tax gap of $688 billion for the tax year 2021. This revelation marks the highest ever recorded shortfall in tax payments, signaling a pressing issue that demands immediate action. Understanding the Tax Gap The tax gap essentially reflects the difference between […]