9 Hous. Bus. & Tax L.J. 1 (2008-2009)

handle is hein.journals/houbtalj9 and id is 1 raw text is: COPYRIGHT c 2008 HOUSTON BUSINESS AND TAX JOURNAL. ALL RIGHTS RESERVED

IT'S TIME TO DO SOMETHING
ABOUT THE TAX GAP
By Richard B. Malamud* and Richard 0. Parry-
I.     INTRODUCTION       ....................................................................  2
II.    USE OF THE TERM TAX GAP ............................................. 2
III.   PUBLIC    COMM    ENTS   .............................................................. 3
IV.    Is THE PROBLEM ONE OF IDENTIFICATION? .......................... 5
V.     CALCULATING THE EXTENT OF THE PROBLEM ..................... 7
A. Basis for Tax Gap Estimates - TCMP Audits ............. 8
B. Estimating the Tax Gap ............................................ 10
VI.    GAO AND THE TAX GAP ......................................................... 1
VII.   NATIONAL TAXPAYER ADVOCATE REPORTS ....................... 15
VIII. THE ABA IN 1988 AND OTHER STUDIES ............................. 16
IX. THE IRS - TAXPAYERS JUST NEED TO UNDERSTAND THE
C O D E  ...................................................................................  18
X.     INFORMATION RETURNS ........................................................ 20
XI.    REWARDS FOR INFORMATION ............................................ 21
X II.  A U D ITS  ................................................................................... 22
XIII. CRIMINAL AND CIVIL PROSECUTIONS AS A DETERRENT ........ 24
XIV. IRS - FAILURE TO FOLLOW UP ........................................... 28
XV.    FUNDING OF IRS ENFORCEMENT .......................................... 30
XV  I.  CONCLUSION     ....................................................................... 31
*   Professor, California State University, Dominguez Hills, College of Business and
Public Policy, J.D. Loyola University School of Law (Los Angeles), LL.M. in Taxation,
New York University School of Law.
** Assistant Professor, California State University, Fullerton, Steven G. Mihaylo
College of Business & Economics, J.D. Loyola University School of Law (Los Angeles).

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