To Help Close The Tax Gap The IRS Should Focus On Small Business Compliance, Not EITC Claimants

To Help Close The Tax Gap The IRS Should Focus On Small Business Compliance, Not EITC Claimants

Binders with papers are waiting to be processed with businesswoman or secretary back in blur. Getty

with Robert Weinberger

Although overall IRS audit rates are remarkably low (less than one percent), returns claiming an EITC are twice as likely to be audited as those not claiming the credit. The IRS would get a bigger bang for its buck by focusing on other noncompliant taxpayers while doing more to help workers eligible for the EITC claim correctly.For instance, instead of requiring additional oversight on this and other tax credits , Congress should encourage IRS to shift its enforcement focus to […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.