For those entranced by statistics, the 2021 IRS Data Book is a wealth of interesting information. In introducing the new resource, IRS Commissioner emphasized the role the agency has taken during the pandemic years, noting “the IRS was called on to provide economic relief during this national crisis while also fulfilling our agency's core responsibilities of tax administration; IRS employees answered Congress' call to deliver two more rounds of Economic Impact Payments and also implemented changes to the Earned Income Tax Credit, the Child Tax Credit, and other refundable credits as part of the American Rescue Plan. The breadth of these missions has strengthened my belief that a fully functioning IRS is critical to the success of our nation."
The Compliance Presence section of the report details efforts to enforce and promote tax compliance and deter tax fraud. Tools used in that regard include IRS civil and criminal tax audits, IRS criminal tax investigations, notices of math errors to taxpayers, and review and verification of reported information.
Some of the data findings in the report include:
The 2021 Data Book offers a deep dive into the activities of the IRS as it tries to maintain and serve its mandate on a highly limited budget. If you have any doubt about what the IRS is up to, the Data Book is a good place to start.
The tax attorneys at Robert J. Fedor, Esq., LLC help clients and companies locally and abroad respond to compliance challenges, allegations of tax crime, and other tax concerns. When you need knowledgeable legal advice, contact us or call 800-579-0997. We have offices in Cleveland and Chicago for your convenience.