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Tax Policy and Administration (111 - 120 of 1,532 items)
International Taxation: Information on Foreign-Owned but Essentially U.S.-Based Corporate Groups Is Limited
GAO-12-794: Published: Jul 16, 2012. Publicly Released: Aug 15, 2012.
The FCDC ownership structure could provide a tax avoidance or evasion advantage relative to a structure where U.S. parents own foreign subsidiaries. Academic experts we spoke to said that the FCDC corporate structure does not provide an inherently greater ability to evade taxes through transfer pricing abuse because transfer pricing rules are the same for the FCDC structure as for U.S. corporation...
Medicaid: Providers in Three States with Unpaid Federal Taxes Received Over $6 Billion in Medicaid Reimbursements
GAO-12-857: Published: Jul 27, 2012. Publicly Released: Aug 2, 2012.
About 7,000 Medicaid providers in three selected states (Florida, New York, and Texas) had approximately $791 million in unpaid federal taxes from calendar year 2009 or earlier. This represents about 5.6 percent of the Medicaid providers reimbursed by the selected states during 2009. These 7,000 Medicaid providers with unpaid federal taxes received a total of about $6.6 billion in Medicaid reimbur...
Higher Education: Improved Tax Information Could Help Pay for College
GAO-12-863T: Published: Jul 25, 2012. Publicly Released: Jul 25, 2012.
We found that multiple Title IV programs and tax expenditures provided substantial aid to populations across income levels. In 2009, 12.8 million students received Title IV aid, and approximately 18 million tax filers claimed a higher education tax benefit for current expenses. The number of students receiving Title IV aid increased from 10.4 million to 12.8 million, or 23 percent, from 2006 to 20...
Appraised Values on Tax Returns: Burdens on Taxpayers Could Be Reduced and Selected Practices Improved
GAO-12-608: Published: Jun 5, 2012. Publicly Released: Jul 5, 2012.
Appraisers most prominent role relative to the three types of tax returns GAO studied is in the valuation of estates. In the most recent years for which GAO had data, appraisers were likely involved in the valuation of property worth from $75 billion to $167 billion reported on estate tax returns in 2009. In contrast, less than $17 billion worth of gifts in 2009 and less than $10 billion in...
Recovery Act: Tax Debtors Have Received FHA Mortgage Insurance and First-Time Homebuyer Credits
GAO-12-592: Published: May 29, 2012. Publicly Released: Jun 27, 2012.
The Federal Housing Administration (FHA) insured over $1.44 billion in mortgages for 6,327 borrowers with $77.6 million in federal tax debt who benefited from the 2009 American Recovery and Reinvestment Act. Of these borrowers, 3,815 individuals claimed and received $27.4 million in Recovery Act First-Time Homebuyer Credits (FTHBC). This analysis includes tax debtors who (1) benefited from FHAs...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls and Operating Effectiveness
GAO-12-683R: Published: Jun 25, 2012. Publicly Released: Jun 25, 2012.
During our audit of IRSs fiscal year 2011 financial statements, we identified new internal control deficiencies in the following areas:Monitoring Information Systems Material to Financial Reporting. IRS management had not performed sufficient monitoring of internal control over information systems material to financial reporting to determine whether such control was affected by any deficienc...
Higher Education: Improved Tax Information Could Help Families Pay for College
GAO-12-560: Published: May 18, 2012. Publicly Released: Jun 18, 2012.
Multiple Title IV programs and tax expenditures provided substantial aid to populations across income levels. In 2009, 12.8 million students received Title IV aid, and approximately 18-million tax filers claimed a higher education tax benefit for current expenses. Recent increases in both programs from 2008 to 2009 may be because of enrollment increases and legislative actions, among other factors...
Patient Protection and Affordable Care Act: IRS Managing Implementation Risks, but Its Approach Could Be Refined
GAO-12-690: Published: Jun 13, 2012. Publicly Released: Jun 13, 2012.
The Internal Revenue Service (IRS) has implemented one of GAOs four recommendations from June 2011 to strengthen the Patient Protection and Affordable Care Act (PPACA) implementation efforts by scheduling the development of performance measures for the PPACA program. IRS has made varying degrees of progress on the other three recommendations:develop program goals and an integrated project pl...
IRS 2013 Budget: Continuing to Improve Information on Program Costs and Results Could Aid in Resource Decision Making
GAO-12-603: Published: Jun 8, 2012. Publicly Released: Jun 8, 2012.
The results of our work show:IRS absorbed the 2.5 percent or $305 million fiscal year 2012 reduction by decreasing FTEs and other costs, primarily in the Enforcement and Operations Support appropriations. Several of our recent reports show that other opportunities exist to increase efficiencies through, for example, automating some services leveraging paid tax return preparers, and conducting more...
Tax Policy: Factors for Evaluating Expiring Tax Provisions
GAO-12-760T: Published: Jun 8, 2012. Publicly Released: Jun 8, 2012.
Factors commonly used to evaluate tax policy, as well as other policy tools such as spending programs or regulations, can be applied to decisions about whether and how to extend expiring tax expenditures, as discussed below.Revenue Effects. Revenues foregone through tax expenditures either reduce resources available to fund other federal activities or require higher tax rates to raise a given amou...