The Treasury Inspector General for Tax Administration (TIGTA) recently released an audit (https://bit.ly/3trerBO ) aimed at providing data on activities of the IRS’s collection and examination functions through 2020. According to the audit, in 2020, taxpayers filed 157 million individual and 11.3 million business income tax returns. These filings resulted in $3.5 trillion of total revenue collected. The agency collected $51.1 billion in enforcement revenue in 2020. The all-time high in this area was $59.4 billion in 2018. “The trending decline in enforcement activity is likely causing growth in the overall tax gap as taxpayers are less likely to be subject to an examination,” TIGTA said.
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