2013 Episode 12 - Mar 22, 2014

The last update to our tax code was under Ronald Reagan. The "Tax Gap" in the news recently is basically a mythical number the Treasury makes up to induce taxpayer compliance. IRS collects $2 trillion every year. There's so much conflicting information- one report says they are short money, then another report shows millions in unclaimed refunds. Again, please, if you get a government tax letter, do not ignore it.