By Tom Ozimek Bolstered by a $60 billion cash infusion, the Internal Revenue Service (IRS) has ramped up its enforcement activities in order to boost tax revenues, with the tax agency focusing its compliance efforts on several categories of taxpayers. In September, the IRS announced a “sea change” in every aspect of its operations—including a […]
Tag: Tax
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.