The Center Square (Brett Rowland), The Star News Network
The federal government loses as much as $304 billion a year to tax fraud, and the IRS has no agency-wide strategy for stopping it, congressional auditors said in a report Friday. The Government Accountability Office estimated annual losses at $116 billion to $304 billion, the first comprehensive federal estimate of tax fraud losses. Auditors used a Monte Carlo simulation drawing on IRS data from 2018 through 2024, potential fraud inside the tax gap and tax evasion in the shadow economy.
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