๐”๐๐ƒ๐€๐“๐„ ๐จ๐ง ๐๐ˆ๐† ๐Œ๐Ž๐๐„๐˜ ๐๐Ž๐๐…๐ˆ๐‹๐„๐‘๐’ (๐Ÿ๐Ÿ/๐Ÿ—/๐Ÿ๐ŸŽ๐Ÿ๐Ÿ)

In a May 29, 2020 report, the Treasury Inspector General for Tax Administration (TIGTA) reported that the IRS failed to audit nonfilers with billions of tax dollars lost. (See https://www.treasury.gov/tigta/auditreports/2020reports/202030015fr.pdf)

The Senate Finance Committee requested an update on that report and the IRS has responded with a letter to the Committee.

In the letter, the IRS reevaluated the 300 top high-income nonfilers shown in the May 2020 report and identified 117 (39 percent) nonfilers, with an estimated tax due of more than $5.2 billion, that still have not been examined as of mid-October, 2021 (70 nonfiler cases had not been placed into an inventory to be selected for work and 47 cases had been closed out of exam inventory without being worked).

A total of 78 (26 percent) of the top high-income nonfilers for the three tax years are either in the IRSโ€™ Collection functionโ€™s inventory, being pursued by the Criminal Investigation function, or being pursued by or referred to the Examination function, with estimated tax due of $2.8 billion. The remaining 105 (35 percent) cases have been pursued by the IRS or the taxpayer has filed a return.

For a copy of the IRS letter, see https://www.finance.senate.gov/imo/media/doc/Top%20High-income%20Nonfilers%20-%20Senate%20Finance%20Inquiry%20FINAL.pdf

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๐“๐ก๐จ๐ฆ๐š๐ฌ ๐‰๐š๐ฆ๐ž๐ฌ ๐‚๐š๐ซ๐ซ๐จ๐ฅ๐ฅ, ๐.๐‚. ๐ข๐ฌ ๐š ๐ฅ๐š๐ฐ ๐Ÿ๐ข๐ซ๐ฆ ๐Ÿ๐จ๐œ๐ฎ๐ฌ๐ข๐ง๐  ๐จ๐ง ๐Ÿ๐ž๐๐ž๐ซ๐š๐ฅ ๐š๐ง๐ ๐ฌ๐ญ๐š๐ญ๐ž ๐ญ๐š๐ฑ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ฌ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐š๐ฅ๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ญ๐š๐ฑ ๐ก๐ž๐ฅ๐ฉ ๐š๐ง๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐จ๐๐š๐ฒ ๐š๐ง๐ ๐ญ๐จ๐ฆ๐จ๐ซ๐ซ๐จ๐ฐ.

๐Ž๐ฏ๐ž๐ซ ๐Ÿ‘๐Ÿ“ ๐˜๐ž๐š๐ซ๐ฌ ๐จ๐Ÿ ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ž ๐ข๐ง ๐ˆ๐‘๐’, ๐๐˜ & ๐๐‰ ๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ๐ฌ, ๐€๐ฉ๐ฉ๐ž๐š๐ฅ๐ฌ & ๐“๐š๐ฑ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐ .

๐–๐–๐–.๐“๐‰๐‚๐€๐‘๐‘๐Ž๐‹๐‹-๐‹๐€๐–.๐‚๐Ž๐Œ