The IRS estimates tax fraudsters cost $ 1 billion a year

Senate Finance Chairman Ron Wyden said the $ 1 billion figure is a “jaw drop” and a “wake-up call” for lawmakers. The Oregon Democrat said he had already talked to the committee’s top Republican, Sen. Mike Crap of Idaho, about bipartisan ways to tackle tax evasion. Ohio Republican Sen. Rob Portman has announced plans to introduce a law to deal with tax-evading cryptocurrency users, and Massachusetts Democratic Sen. Elizabeth Warren said she is working on a law that would direct mandatory funding to the IRS, so the budget Agency auditors will not vary from year to year.