Home / Technology / GAO: Audits By Mail Recover More Uncollected Taxes

GAO: Audits By Mail Recover More Uncollected Taxes

taxesThe Internal Revenue Service collects on average $1.80 in uncollected taxes for every dollar spent when performing audits in-person, the Government Accountability Office has found.

According to Fierce Government, correspondence audits conducted through mail bring on average $7 for every dollar spent on those types of audits.

In a report dated Dec. 5 and released Jan. 4, GAO said the IRS could recover lost tax revenue by shifting its auditing resources toward individuals and taxable businesses with incomes of at least $200,000 and that shift would result in greater use of audits by mail.

The IRS’ net estimate of uncollected tax revenue per year is at around $385 billion, David Perera writes.

Reuters reports the IRS conducts correspondence audits represent nearly three-quarters of all tax return audits.

U.S. Taxpayer Advocate Nina Olson has said those audits limit interaction between citizens and the IRS, according to Reuters.

Check Also

Marine Corps Partners With Industry on Logistics Modernization Efforts

Adam Drake, CEO and chief data officer of data consultancy firm Atazzo, is working on modernizing U.S. Marine Corps logistics operations as part of his role as a 2019 Presidential Innovation Fellow, GCN reported Friday. Drake is collaborating with the service branch’s deputy commandant for installations and logistics on “a series of projects” to support the Marine Corps and Department of Defense in all logistics-related matters.

Leave a Reply

Your email address will not be published.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