AICPA comments on tax gap options.

• Position: Tax info

Jeffrey R. Hoops, chair of the AICPA's Tax Executive Committee, recently commended the U.S. Department of the Treasury for its 2006 report on the tax gap at a roundtable discussion on the topic sponsored by the Treasury Department and the Internal Revenue Service. He said the AICPA strongly supports Treasury's comprehensive, multi-year strategy to reduce the tax gap and also emphasized the importance of full funding of the IRS's budget citing it as a central component of any tax gap strategy.

He noted that the Institute's specific comments were organized around the seven components...