Addressing the Tax Gap: The Role of ERSAC

This chapter explores the critical functions of the Employee Retirement Security Advisory Council (ERSAC) and its annual report to Congress, emphasizing the importance of IRS funding in tackling the tax gap. The speakers discuss the complexities of tax compliance, third-party reporting, and the need for improved tax literacy among various groups, including emerging athletes. Overall, the conversation highlights the urgent need for IRS modernization and consistent funding to enhance taxpayer services and ensure fairness in the tax system.

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