Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner.

Americans failed to pay $688 billion in taxes on their 2021 returns, a record level, according to a new estimate from the IRS. The agency said that it is taking “urgent” steps to increase compliance such as auditing more high-income taxpayers as well as businesses and partnerships.

The $688 billion estimate reflects the first time the IRS is providing information about the so-called tax gap on an annual basis, with the agency noting in a Thursday statement that it plans to continue providing the data on a yearly basis. The number reflects an increase of more than $138 billion from estimates for tax years 2017 to 2019, the agency said.

  • 30magdeleted by creatorEnglish
    47·
    3 years ago

    deleted by creator

    • Potatos_are_not_friends
      13·
      3 years ago

      In my company of 2000 people, roughly half are six-figure engineers… only two people make about 400k income a year.

      • javasuxEnglish
        3·
        3 years ago

        hope they’re paying their taxes >.>