Department of the Treasury (1 - 3 of 3 items) in Past Month
2016 Filing Season: IRS Improved Telephone Service but Needs to Better Assist Identity Theft Victims and Prevent Release of Fraudulent Refunds
GAO-17-492T: Published: Mar 8, 2017. Publicly Released: Mar 8, 2017.
Taxpayers rely on IRS to help them comply with the tax code and file their taxes. We testified that, although IRS improved its telephone service during the 2016 tax filing season, service year-round was not as good. We also looked at how IRS helps taxpayers who are victims of ID theft refund fraud—wherein fraudsters pose as taxpayers and file returns seeking refunds. IRS has improved service fo...
Low-Income Housing Tax Credit: The Role of Syndicators
GAO-17-285R: Published: Feb 16, 2017. Publicly Released: Mar 1, 2017.
The Low-Income Housing Tax Credit (LIHTC) established under the Tax Reform Act of 1986, is the largest source of federal assistance for developing affordable rental housing and has financed about 2.9 million rental units. LIHTCs encourage private-equity investment in low-income housing through tax credits. Developers of awarded projects typically attempt to obtain funding for their projects by att...
Revenue Collections and Payments: Treasury Has Used Financial Agents in Evolving Ways but Could Improve Transparency
GAO-17-176: Published: Jan 25, 2017. Publicly Released: Feb 24, 2017.
The Department of the Treasury's (Treasury) use of financial agents has evolved as it has moved from paper to electronic transactions in response to changes in technology and new laws. Treasury has a long history of using financial agents to support its core functions of disbursing payments and collecting revenue. Since the 1980s, Treasury has used agents to move from paper to electronic transacti...