Accounting procedures (31 - 31 of 31 items)
Tax Administration: IRS Can Improve the Process for Collecting 100-Percent Penalties
GGD-89-94: Published: Aug 21, 1989. Publicly Released: Aug 21, 1989.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) collection of 100-percent penalties, assessed as 100 percent of the amount of withheld taxes which businesses failed to pay.GAO found that IRS: (1) sent 100-percent penalty cases directly to revenue agents for collection, bypassing its Automated Collection System (ACS), which provided more efficient case managem...