Federal taxes (71 - 80 of 90 items)
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...
Tax Policy: State Tax Officials Have Concerns About a Federal Consumption Tax
GGD-90-50: Published: Mar 21, 1990. Publicly Released: Mar 21, 1990.
Pursuant to a legislative requirement, GAO surveyed state tax policymakers to determine their concerns about the enactment of a federal consumption tax as a budget deficit reduction option.GAO found that: (1) 72 percent of state tax policymakers preferred the use of existing federal taxes to reduce the federal deficit; (2) 45 percent of state officials favored additional corporate income taxes, wh...
Tax Administration: IRS Needs to Improve Distribution of Tax Materials to the Public
GGD-90-34: Published: Jan 10, 1990. Publicly Released: Jan 10, 1990.
Pursuant to a congressional request, GAO assessed the availability of tax materials at Internal Revenue Service (IRS) distribution centers and walk-in offices during the 1989 tax filing season.GAO found that: (1) 18 of 24 walk-in sites monitored early in the filing season were missing an average of 15 percent of 79 IRS-required forms and publications and an average of 22 percent of a sample of opt...
Tax Administration: Interest on Tax Refunds Paid by IRS in 1988
GGD-89-42: Published: Mar 7, 1989. Publicly Released: Mar 7, 1989.
GAO provided information on how the Internal Revenue Service's (IRS) computation of interest on taxpayers' refunds was often used as an indicator of its timeliness in processing refunds.GAO found that: (1) the Internal Revenue Code required that IRS pay interest on any taxpayer refund it did not process within 45 days of the deadline or the date IRS received the return, whichever was later; (2) IR...
Electronic Funds Transfer: Analysis of Proposal for Direct Deposit of Income Tax Refunds
IMTEC-89-34: Published: Feb 24, 1989. Publicly Released: Feb 24, 1989.
In response to a congressional request, GAO assessed a proposal to use electronic funds transfer to pay federal income tax refunds and other nonrecurring payments directly into taxpayers' bank accounts.GAO found that: (1) although the Internal Revenue Service (IRS) already offered electronic refunds on electronically filed returns, the proposal would be costly to implement for paper returns; (2) a...
Tax Policy: Economic, Administrative, and Taxpayer Compliance Aspects of a Gross Income Tax
GGD-89-36: Published: Feb 16, 1989. Publicly Released: Feb 16, 1989.
In response to a congressional request, GAO reviewed Department of the Treasury and Congressional Research Service (CRS) tax policy literature and studies to: (1) identify the general economic effects of the proposed gross income tax; and (2) compare certain administrative and taxpayer compliance aspects of the tax with the current tax system.GAO found that a gross income tax system would: (1) red...
Status of the 1988 Tax Return Filing Season
T-GGD-88-13: Published: Feb 23, 1988. Publicly Released: Feb 23, 1988.
GAO discussed the Internal Revenue Service's (IRS) preparation for the 1988 tax filing season. GAO found that: (1) IRS adequately prepared its employees and taxpayers for the 1988 filing season; (2) although IRS telephone assistance personnel have met taxpayer demand in terms of quantity, they answered only 74.8 percent of those calls correctly; (3) taxpayers were generally satisfied with IRS assi...
Tax-Exempt Organizations and the Unrelated Business Income Tax
T-GGD-87-20: Published: Jun 22, 1987. Publicly Released: Jun 22, 1987.
GAO discussed the nature and extent of commercial and other income-producing activities of tax-exempt organizations and the use of the unrelated-business income tax to deal with those activities. GAO found that: (1) there are no complete data to measure tax-exempt organizations' income-producing activities and to show how significant the competition is between the taxable-business and tax-exempt c...
IRS' Information Returns Matching Program
129740: Apr 29, 1986
GAO discussed the status of the Internal Revenue Service's (IRS) Information Returns Program, a concept of matching information returns to income tax returns for the purpose of identifying unreported income. GAO focused on: (1) trends in information returns received and matched; (2) information returns not used in the process; (3) follow-up efforts on underreporter and nonfiler cases; (4) enforcem...