Unreported Self-Employment Income
This is a news story, published by Phys Org, that relates primarily to IRS news.
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employment income reportsPhys Org
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Business & Economics
Self-employment income widely underreported, survey shows
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92% Informative
U-M study finds majority of self-employment income missing from tax records is due to unreported earnings.
IRS has determined shortfall between taxes owed and taxes collected by government amounts to an estimated $606 billion .
Study: Majority of missing income does not reflect misreporting of income, but rather reflect income not being reported to IRS .
VR Score
96
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99
Neutral language
60
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formal
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English
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71
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long-living
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4
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4
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