IRS reports growing gap between U.S. income taxes owed and paid
Friday, the IRS predicted a rise in unpaid income taxes.
For tax years 2014–2016, the expected overall "tax gap" climbed to $496 billion, up $58 billion from previous forecasts.
Friday's IRS figures forecast a $540 billion gross tax deficit for 2017–2019.
The tax agency's primary difficulty is collecting taxes.
In a statement, IRS Commissioner Chuck Rettig noted, "Most people pay on time."
In September, Treasury Secretary Janet L. Yellen told a Maryland IRS field office that the tax shortfall would reach $7 trillion over the next decade.
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