Federal taxes (81 - 90 of 90 items)
IRS Service Center Operations
129212: Mar 4, 1986
GAO discussed its examination of the Internal Revenue Service's (IRS) tax return processing activities at its 10 service centers and its national office. GAO found that the service centers' activities are running more smoothly than they did a year ago because: (1) the centers have more computer capacity; (2) computer programs are more efficient; (3) communication between the service centers and th...
Protecting Tax Revenue When Businesses File for Bankruptcy
GGD-86-20: Published: Feb 21, 1986. Publicly Released: Feb 21, 1986.
In response to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) procedures for protecting the government's interest when taxpayers go through bankruptcy proceedings, specifically: (1) detecting and minimizing the accumulation of employment tax delinquencies; and (2) filing claims for delinquent taxes with the bankruptcy court.The Bankruptcy Code provides financially troub...
Tax Policy: Congress Should Further Restrict Use of the Completed Contract Method
GGD-86-34: Published: Jan 17, 1986. Publicly Released: Feb 7, 1986.
In response to a congressional request, GAO developed and analyzed data on the extent to which manufacturing and construction contractors use the completed contract method to defer federal taxes to determine whether continued use of the method is justified.Contractors have justified the use of the completed contract method of accounting on the basis that, due to inherent uncertainties in their tra...
Congress Should Consider Changing Federal Income Taxation of the Property/Casualty Insurance Industry
GGD-85-10: Published: Mar 25, 1985. Publicly Released: Mar 25, 1985.
GAO examined the provisions of the Internal Revenue Code which are used to determine the taxable income of the property and casualty insurance industry. These companies are similar to other companies in that the premium income is analogous to the sales receipts; however, a difference lies in claim payments which may not be made until a future year, while the premiums are received currently. In exa...
Status of the IRS Taxpayer Service Program
117947: Mar 24, 1982
Due to Federal budget deficits and budget cutbacks, the Internal Revenue Service (IRS) reduced its taxpayer service activities; further reductions are contemplated. IRS established an expanded taxpayer service in the 1950's. In the early 1970's, a separate Taxpayer Service Division was established in the national office and, by the end of the decade, separate divisions had been established in each...
117880: Mar 18, 1982
By entering into modified coinsurance agreements under section 820 of the Internal Revenue Code, some insurance companies, especially large companies, convert investment income on which they pay taxes into underwriting gains on which they pay little or no tax. Section 820 was intended to eliminate possible double taxation when coinsurance agreements are used; it was not intended to be a tax loopho...
The IRS Can Make the Estimated Tax Forms and Instructions Easier To Understand and Use
GGD-80-89: Published: Jul 16, 1980. Publicly Released: Jul 16, 1980.
Each year, millions of taxpayers are required to make estimated tax payments because they have income that is not subject to withholding and/or from which not enough tax is withheld. The forms and instructions individual taxpayers use to comply with the estimated tax requirements are examined as part of a series presented in response to a request by the Joint Committee on Taxation.Millions of taxp...
The Government of Guam's Administration of Its Income Tax Program
GGD-80-3: Published: Oct 3, 1979. Publicly Released: Oct 3, 1979.
The Government of Guam is losing millions of dollars because of its continuing problems in assessing and collecting the territorial income tax. Delinquent taxes amounted to over $15 million in 1978, or about 16 percent of total local revenues collected by Guam. The income tax is the major tax in Guam, providing 60 percent of its locally collected tax revenues. These revenues are supplemented by th...
Procedures Used by the Internal Revenue Service To Provide Taxpayers With Refunds Not Initially Delivered by the Postal Service
FGMSD-77-9: Published: Aug 4, 1977. Publicly Released: Aug 4, 1977.
Internal Revenue Service (IRS) procedures are generally adequate for providing undelivered refunds to taxpayers who file income tax returns in the year following the one in which the refunds were undelivered. However, IRS needs to take action to deliver unclaimed tax refunds to some taxpayers who may not file tax returns in succeeding years.As of December 31, 1975, IRS was holding about $25 millio...