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Tax Policy and Administration (131 - 140 of 1,534 items)
Internal Revenue Service: Interim Results of 2012 Tax Filing Season and Summary of the Fiscal Year 2013 Budget Request
GAO-12-566: Published: Mar 20, 2012. Publicly Released: Mar 22, 2012.
In summary, so far this filing season, IRSexperienced an increase in total call volume (mostly for automated calls about taxpayer's refunds), and a reduction in IRS's level of service resulted in wait times of about 17 minutes;has processed almost 68 million returns, and electronic filing continues to increase; andexperienced problems, since resolved, that delayed refunds for about a week for mill...
Information Security: IRS Needs to Further Enhance Internal Control over Financial Reporting and Taxpayer Data
GAO-12-393: Published: Mar 16, 2012. Publicly Released: Mar 16, 2012.
IRS implemented numerous controls and procedures intended to protect key financial and tax-processing systems; nevertheless, control weaknesses in these systems continue to jeopardize the confidentiality, integrity, and availability of the financial and sensitive taxpayer information processed by IRSs systems. Specifically, the agency continues to face challenges in controlling access to its...
IRS Management: Cost Estimate for New Information Reporting System Needs to be Made More Reliable
GAO-12-59: Published: Jan 31, 2012. Publicly Released: Jan 31, 2012.
What GAO FoundThe 2011 Information Reporting and Document Matching (IRDM) cost estimate, used to justify the programs projected budgets of $115 million for fiscal years 2012 through 2016, generally does not meet best practices for reliability. The cost estimate did not fully meet any of the four best practices for a reliable cost estimate.For example, the cost estimate minimally meets best pra...
2011 Tax Filing: Processing Gains, but Taxpayer Assistance Could Be Enhanced by More Self-Service Tools
GAO-12-176: Published: Dec 15, 2011. Publicly Released: Jan 17, 2012.
During the 2011 filing season the following occurred:Electronic filing (e-filing) increased to nearly 80 percent of the 140 million individual returns filed. The benefits of e-filing include that it is more accurate, faster, and less expensive for IRS than processing returns filed on paper.Due to the increase in e-filing, new systems, and IRS's performance in recent years, its refund timeliness me...
Taxpayer Privacy: A Guide for Screening and Assessing Proposals to Disclose Confidential Tax Information to Specific Parties for Specific Purposes
GAO-12-231SP: Published: Dec 14, 2011. Publicly Released: Jan 13, 2012.
The Internal Revenue Service (IRS) receives a great deal of personal information about individuals and businesses. While taxpayers are required to provide this information to IRS under penalty of fine or imprisonment, confidentiality of information reported to IRS is widely held to be a critical element of taxpayers willingness to provide information to IRS and comply with the tax laws. As a...
User Fees: Additional Guidance and Documentation Could Further Strengthen IRS's Biennial Review of Fees
GAO-12-193: Published: Nov 22, 2011. Publicly Released: Nov 22, 2011.
The President's fiscal year 2012 budget proposal requests $13.6 billion to fund the Internal Revenue Service (IRS), including $204 million in spending funded through user fee collections. Well-designed and well-implemented user fees can reduce taxpayer burden by funding portions of IRS services that provide special benefits to users beyond what is normally provided to the public. As such, GAO was...
Adoption Tax Credit: IRS Can Reduce Audits and Refund Delays
GAO-12-98: Published: Oct 20, 2011. Publicly Released: Nov 21, 2011.
The federal adoption tax credit, established in 1996, was amended in 2010. These amendments included making the credit refundable (meaning taxpayers could receive payments in excess of their tax liability) and increasing the maximum allowable credit to $13,170 of qualified adoption expenses for tax year 2010. As of August 20, 2011, taxpayers filed just under 100,000 returns, claiming about $1.2 bi...
Financial Audit: IRS's Fiscal Years 2011 and 2010 Financial Statements
GAO-12-165: Published: Nov 10, 2011. Publicly Released: Nov 10, 2011.
In accordance with authority granted by the Chief Financial Officers Act of 1990, GAO annually audits the financial statements of the Internal Revenue Service (IRS) to determine whether (1) the financial statements are fairly presented and (2) IRS management maintained effective internal control over financial reporting. GAO also tests IRS's compliance with selected provisions of significant laws...
Financial Derivatives: Disparate Tax Treatment and Information Gaps Create Uncertainty and Potential Abuse
GAO-11-750: Published: Sep 20, 2011. Publicly Released: Oct 20, 2011.
Recently, concerns have arisen about the use of certain financial derivatives to avoid or evade tax obligations. As requested, this report (1) identifies and evaluates how financial derivatives can be used to avoid or evade tax liability or achieve differing tax results in economically similar situations, (2) evaluates Internal Revenue Service (IRS) actions to address the tax effects of investment...
Highway Trust Fund: All States Received More Funding Than They Contributed in Highway Taxes from 2005 to 2009
GAO-11-918: Published: Sep 8, 2011. Publicly Released: Oct 12, 2011.
Federal funding for highways is provided to the states mostly through a series of grant programs known as the Federal-Aid Highway Program, administered by the Department of Transportation's (DOT) Federal Highway Administration (FHWA). In 2005, the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) authorized $197.5 billion for the Federal-Aid Highway...