Question of the Day

What portion of income earned in the U.S. that is not reported to the government by a third party (such as an employer) is not reported on tax forms?

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A 2012 IRS study found that "in instances where income was reported to the IRS by third parties (such as employers), the noncompliance rate was about 1% in 2006. In instances where income was not subject to reporting, the noncompliance rate was 56%."

DocumentationTax Noncompliance

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