IRS Clarifies Form W-2 Reporting of Health Insurance Costs
The IRS has issued interim guidance to clarify informational reporting by employers to employees on the cost of employer-provided health insurance.
IRS Touts Increase in Audits of Higher Income Taxpayers
The IRS audited one in eight individuals with incomes over $1 million in fiscal year (FY) 2011, Deputy Commissioner for Services and Enforcement Steven Miller recently reported.
Tax Gap Grows To $450 Billion, Compliance Rate Holds Steady
The "tax gap" climbed from $345 billion in tax year (TY) 2001 to $450 billion in TY 2006, the most recent year for which the necessary statistics were available, the IRS reported.