| We've been busy lately, so you may have missed some of our important work. We've analyzed how the IRS has spent and protected billions of dollars – but also identified some ways the agency could collect billions.
Here are 5 numbers from our recent reports to help you catch up before the weekend.
$13 billion The amount of gambling income that nearly 150,000 people received over a 3-year period and didn't file a tax return reporting it. $7.1 billion The total gambling winnings for 103,000 of these nonfilers that were never issued a delinquency notice. This is the first step the IRS uses to bring taxpayers into compliance. Read the report. $6.9 billion The amount of Inflation Reduction Act funds the IRS spent as of June 2024. Read the snapshot. $1.6 billion The amount of erroneous Employee Retention Credit claims the IRS prevented using two different compliance initiatives that started in late 2023. $1 billion The amount of potentially erroneous Employee Retention Credit claims that more than 2,600 applications disclosed through the IRS's Voluntary Disclosure Program (as of March 2024). Read the report.
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