Tax law (51 - 60 of 75 items)
Tax Administration: Effectiveness of IRS' Return Preparer Penalty Program Is Questionable
GGD-91-12: Published: Jan 7, 1991. Publicly Released: Jan 7, 1991.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) administration of its return preparer penalty program, focusing on whether IRS: (1) opened preparer penalty cases when warranted; (2) imposed return preparer penalties appropriately and consistently; and (3) followed requirements to refer penalized preparers to the Department of the Treasury's Director of Practi...
Tax Administration: IRS' 1990 Filing Season Performance Continued Recent Positive Trends
GGD-91-23: Published: Dec 27, 1990. Publicly Released: Dec 27, 1990.
Pursuant to a congressional request, GAO assessed the Internal Revenue Service's (IRS) performance during the 1990 tax return filing season, focusing on the: (1) accuracy and accessibility of its toll-free telephone assistance program; (2) availability of tax materials at its distribution centers and walk-in offices; and (3) processing of returns and related refunds.GAO found that: (1) walk-in sit...
Tax Policy: Federal Tax Deposit Requirements Should Be Simplified
GGD-90-102: Published: Jul 31, 1990. Publicly Released: Jul 31, 1990.
Pursuant to a congressional request, GAO evaluated the federal tax deposit (FTD) requirements for withheld income and social security taxes, focusing on whether the Internal Revenue Service (IRS): (1) appropriately and accurately assesses and abates deposit penalties; and (2) guidance to employers on complying with the deposit requirements was adequate.GAO found that: (1) one-third of the nation's...
Tax Administration: Trends in the Growth and Age of IRS' Accounts Receivable
GGD-90-111FS: Published: Jul 30, 1990. Publicly Released: Jul 30, 1990.
Pursuant to a congressional request, GAO reviewed trends in the growth and age of the Internal Revenue Service's (IRS) year-end accounts receivable balances for fiscal years 1986 through 1989.GAO found that: (1) the dollar value of the combined individual and business master file accounts receivable grew by $13.6 billion from 1986 through 1989; (2) over 60 percent of the total dollar growth occurr...
Information Returns: Correcting Taxpayer Identification Is Possible Without Disclosing Tax Data
GGD-90-90: Published: Jun 5, 1990. Publicly Released: Jun 5, 1990.
Pursuant to a legislative requirement, GAO determined what options exist, without a legislative change, to help financial institutions provide correct names and taxpayer identification numbers (TIN) to the Internal Revenue Service (IRS).GAO found that: (1) while payors were not required to obtain correct names, there were many incorrect identification numbers listed due to name mismatches in IRS o...
Tax Policy: 1987 Company Effective Tax Rates Higher Than in Prior Years
GGD-90-69: Published: May 10, 1990. Publicly Released: May 17, 1990.
Pursuant to a congressional request, GAO reviewed the overall domestic and international tax burdens of large U.S. companies for 1986 and 1987.GAO found that: (1) the U.S. companies included in the study had higher U.S. and international effective tax rates in 1987 than in 1986 or the years included in earlier studies; (2) 1987 industry effective tax rates increased over earlier periods; (3) the i...
Tax Administration: Profiles of Major Components of the Tax Gap
GGD-90-53BR: Published: Apr 4, 1990. Publicly Released: Apr 19, 1990.
Pursuant to a congressional request, GAO assessed the Internal Revenue Service's (IRS) gross tax gap estimates for 1987.GAO found that: (1) for 1987, IRS estimated the tax gap to be $84.9 billion; (2) sole proprietors underpaid 23 percent of their tax liability, which reflected both unreported income and overstated business reductions; (3) informal suppliers failed to report $7.7 billion in income...
Tax Policy: Taxation of Pension Income for Retired New Jersey Police and Firefighters
GGD-90-73BR: Published: Apr 13, 1990. Publicly Released: Apr 13, 1990.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) use of actuarial tables, focusing on: (1) the fairness of those tables in computing taxable pension income; and (2) an alternative income computation method that takes into account occupations and other factors.GAO found that: (1) the estimated life expectancies for New Jersey police and firefighters were equal...
Social Security: Taxing Nonqualified Deferred Compensation
T-HRD-90-21: Published: Apr 5, 1990. Publicly Released: Apr 5, 1990.
GAO discussed taxation of nonqualified deferred compensation. GAO found that: (1) income deferral plans represented employers' promises to provide future income to employees for services they currently rendered; (2) self-employed persons could also defer income through contractual agreements with their clients; (3) deferred incomes provided advantages for persons with current income at or over the...
Tax Policy: Uncertain Impact of Repealing the Deferral for Reinvested Shipping Income
GGD-90-35: Published: Mar 26, 1990. Publicly Released: Mar 30, 1990.
Pursuant to a congressional request, GAO reviewed the effects of repealing the tax deferral for foreign-earned shipping income, focusing on the: (1) generation of additional tax revenues; and (2) availability of merchant ships planned for use in national emergencies.GAO found that: (1) since the passage of the Tax Reform Act of 1986, foreign-based shipping income had increasingly been subjected to...