Data collection (1 - 2 of 2 items) in Past Year
Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets
GAO-17-102: Published: Dec 8, 2016. Publicly Released: Jan 9, 2017.
Federal data collection efforts to date have captured little information on retirement accounts holding unconventional assets—such as real estate, precious metals, private equity, and virtual currency—making the prevalence of such accounts unknown. In tax year 2015, the Internal Revenue Service (IRS) began requiring that custodians or trustees of individual retirement accounts (IRA)—includin...
Low-Income Housing Tax Credit: Some Agency Practices Raise Concerns and IRS Could Improve Noncompliance Reporting and Data Collection
GAO-16-360: Published: May 11, 2016. Publicly Released: Jun 8, 2016.
Allocating agencies that administer the Low-Income Housing Tax Credit (LIHTC) program have certain flexibilities for implementing program requirements and the agencies have done so in various ways. Although GAO found that allocating agencies generally have processes to meet requirements for allocating credits, reviewing costs, and monitoring projects, some of these practices raised concerns:More t...