Summary
The IRS has introduced a new digital form to help whistleblowers report tax issues more easily. This form is part of the IRS's efforts to improve tax compliance and reduce errors. The form can be filled out online, simplifying the process for individuals to report tax noncompliance.
Key Facts
- The IRS launched a new digital form, Form 211, for whistleblowers to report tax noncompliance.
- The American tax system relies on voluntary compliance, where people are expected to file and pay taxes honestly.
- The U.S. tax system faced a tax gap of over $600 billion for the 2022 tax year.
- Since 2007, the Whistleblower Office has given out $1.4 billion in rewards to whistleblowers.
- Whistleblowers have helped the IRS recover more than $7.86 billion in revenue.
- The digital form aims to reduce errors and costs associated with paper forms.
- The form requires specific information like names, addresses, and details of the tax issue.
- President Donald Trump is considering changes to the tax system, including eliminating taxes on gambling winnings.
