Tax Notes (a publication of Tax Analysts)
The gift tax is by far the easiest tax in the Internal Revenue Code to evade. The main reason the gift tax warrants this dubious honor is critical flaws in its administration. This article first outlines deficiencies in the existing gift tax reporting process and penalty systems. Next, it provides a detailed illustration of how those administrative shortcomings allow for pervasive gift tax noncompliance. Finally, it suggests several practice reforms.
Mitchell M. Gans and Jay A. Soled,
The Easiest Tax to Evade, 115 Tax Notes 1061
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