Most of the tax gap--$285 billion out of $345 billion, or 82 percent--is attributable to under-reporting tax liability.

Every Member of Congress should be required to do their own personal income tax return.

I am pleased to convene this hearing to consider the fiscal year 2012 funding request of the Internal Revenue Service (IRS).

I've seen this movie before. I grew up in East St. Louis, Illinois.

It seems that many banks are hell bent for foreclosure.

My last question goes right to that point. The problem I've run into in the foreclosure situation is figuring out who makes the decision.

If one preparer gets 1,000 taxpayers and encourages them to do something fraudulent, a lot of times the taxpayer is unsuspecting.

Can we really expect a solid recovery of this economy unless or until we mark-to-market and understand what the true value of real estate is?

Fully informed consumers will make markets more competitive, eliminating the ability of banks, lenders, and mortgage brokers to profit from sheer confusion.

That's $32 billion that Muammar Gaddafi can't use to pay mercenaries, gas up his tanks, or purchase weapons to kill his own people.

The CFTC and the SEC both occupy pivotal positions at the forefront of stimulating and sustaining economic growth and prosperity in our country--while protecting the marketplace from fraud and manipulation.

It is clear that both Chairman Gensler and Chairman Schapiro, their fellow Commissioners, and their respective staff have invested inestimable hours in paving the way toward a more reliable regulatory foundation.

We want to delay this--for 1 year, 18 months, maybe longer.

Thanks.

I'd like to be in touch with them.

There are parts of Illinois, downstate, that look an awful lot like Kansas.

In those cases, when you detect them, is there follow-up in terms of penalties, fines, prosecution?

Even though the IRS has been able to prevent large amounts of these refunds from being issued--256 million were rejected in 2009...