The Treasury Inspector General for Tax Administration (TIGTA) reports that the IRS has failed to audit nonfilers with billions of tax dollars lost.
TIGTA analyzed the IRS Nonfiler inventory for Tax Years 2014 through 2016 and identified 879,415 high-income nonfilers with a total estimated tax due of $45.7 billion.
Of the 879,415 high-income nonfilers, TIGTA identified:
“The IRS did not work 369,180 high-income nonfilers, with estimated tax due of $20.8 billion. Of the 369,180 high-income nonfilers, 326,579 were not placed in inventory to be selected for work and 42,601 were closed out of the inventory without ever being worked. In addition, the remaining 510,235 high-income nonfilers, totaling estimated tax due of $24.9 billion, are sitting in one of the Collection function’s inventory streams and will likely not be pursued as resources decline. “
For the report, see https://www.treasury.gov/tigta/auditreports/2020reports/202030015fr.pdf
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