Federal taxes (31 - 35 of 35 items)
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...
IRS Can Use Tax Gap Data to Improve Its Programs for Reducing Noncompliance
T-GGD-90-32: Published: Apr 19, 1990. Publicly Released: Apr 19, 1990.
GAO discussed Internal Revenue Service (IRS) efforts to reduce the tax gap, defined as the difference between the amount of income taxes that taxpayers owe and the amount they voluntarily pay. GAO noted that: (1) IRS estimated that the gross tax gap was $84.9 billion for 1987 and would reach $113.7 billion by 1992; (2) sole proprietors, informal suppliers, small corporations with assets under $10...
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...
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...
Compilation of GAO Work on Tax Administration Activities During 1981
GGD-82-82: Published: Jul 22, 1982. Publicly Released: Jul 22, 1982.
The results of GAO work in the area of tax administration for 1981 were summarized.The report consists of the following enclosures: (1) open recommendations to Congress from reports issued during and prior to 1981; (2) a review of the legislative action taken during 1981 on recommendations; (3) recommendations to the Commissioner of Internal Revenue during 1981; (4) reports on tax administration m...