Tax Underreporting, High-Income Earners’ Non-Compliance Among Major Issues Facing IRS in 2025
The IRS is reportedly finding it difficult to plug the tax gap due to ‘sophisticated tax evasion schemes.’ Tackling the underreporting of incomes and ensuring tax compliance by wealthy individuals and corporations are two of the “major management challenges” the IRS is facing in fiscal year 2025, according to the Treasury Inspector General for Tax