<p>Multiple Approaches Needed to Reduce Tax Gap, GAO Rep Says</p>

Multiple Approaches Needed to Reduce Tax Gap, GAO Rep Says

U.S. Government Accountability Office

No one tactic can fully address the tax gap, but setting a long-term quantitative compliance goal, expanding third-party information reporting, and return preparer regulation are among options that could help, James R. McTigue Jr. of the Government Accountability Office said at a May 9 House Ways and Means Committee hearing.

<p>No one tactic can fully address the tax gap, but setting a long-term quantitative compliance goal, expanding third-party information reporting, and return preparer regulation are among options that could help, James R. McTigue Jr. of the Government Accountability Office said at a May 9 House Ways and Means Committee hearing.</p>