The U.S. “tax gap” is on a plateau. The gross tax gap is the difference between true tax liability for a given tax year and the amount that’s paid on time by taxpayers. The IRS has released tax gap estimates for tax years 2011, 2012 and 2013. The estimates show that the compliance rate is substantially unchanged from previous years. The average gross tax gap for those periods was estimated at $441 billion per year. The net tax gap is calculated after late payments and enforcement efforts are factored in. It represents the portion of the gross tax gap that will never be recovered through enforcement or late payments. The net tax gap for those years is estimated at $381 billion per year. Visit our website for more information! www.mjscpa.com/news/