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Story summary
- U.S. President Donald Trump’s administration delayed the IRS’s annual tax-gap estimate.
- IRS Commissioner Frank Bisignano said he doubts the tax-gap metric and will focus on the addressable tax gap.
- The administration cut the IRS workforce by about 25% and slashed its budget, weakening audit capacity.
- IRS has not released the 2023 tax-gap estimate after estimating a $700 billion 2022 gap.