The Tax Gap has always been a concern of the Internal Revenue Service, Congress, and taxpayers who pay their taxes.
Basically, it's the amount of money the IRS figures it is due from filers, but which it's been unable to collect.
Two former IRS execs say they know a way the agency can collect more unpaid taxes. Even better, write former IRS Commissioner Charles Rossotti (he was head honcho from 1997 to 2001) and Fred Forman, former associate commissioner for modernization from 2000 to 2004, their suggestions can help the agency better serve taxpayers.
They lay out their new course for the IRS in a 61-page e-book published by Government Executive, a digital daily business news source for federal government departments and agencies and their leaders.
"The IRS's existing technology does not prevent more rapid progress in achieving two key goals: providing top-quality service and reducing the tax gap," write Rossotti and Forman in the announcement of their electronic publication.
"IRS already has delivered important, successful projects that produce large efficiency gains using modern technology," they continue. "The path forward for the IRS is to build the next generation of tax return analysis, audit support and taxpayer service systems using techniques that have already succeeded."
Rossotti's and Forman's book, "The Business Case for IRS Transformation," earns this weekend's Saturday Shout Out.
You can download it for free and see if you agree with their proposals.
You also might find these items of interest:
- Biden budget would beef up IRS tax enforcement
- Tax Gap likely $1 trillion, thanks largely to cryptocurrency
- $80 billion could help IRS increase audits of the wealthy, which have dropped in last decade