• Delving Deeper into the Tax Gap Details

    Tax Gap Details

    We all just can’t stop talking about the tax gap – but with good reason. Considering the difference in what is owed to the IRS, and what they actually collected in 2006 has increased 30% over five years, to $450 billion; it’s definitely something to talk about. Additionally,

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  • IRS to Host Second Real-Time Tax System Meeting

    meeting

    The Internal Revenue Service is seeking additional input on its vision of a real-time tax system that would move the IRS away from the traditional “look back” model of compliance to an upfront approach providing immediate feedback on the accuracy of information provided in tax forms. 

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  • Convey Featured in Star Tribune Tax Gap Article

    star trib

    In an article featured in the Star Tribune, Neal St. Anthony writes further about the tax gap, the IRS’ continuing efforts to close it, and Convey’s role in the current tax environment. From our previous blog post, we all know the tax gap number has increased, nearing $450 billion

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  • IRS Budget Cuts Causes Strain on Workload and Service

    workload

    In the midst of tax season, the IRS is struggling to meet customer service and workload demands due to both a decreased budget and workforce.  Although President Obama requested an increase in the IRS budget in 2011, to $12.1 billion, it has actually been reduced to $11.8 billion for the year

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  • The IRS Isn’t Interested In Preparing Your Returns

    IRS

    Tax Girl, a regular contributor for Forbes, recently posted a blog “Are You Ready for Government Prepared Tax Returns?” covering the idea of the IRS creating provisional returns on behalf of the taxpayer. Now although this is an interesting idea the service has scrapped any plans for

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