Tax credit (51 - 60 of 91 items)
Tax Policy: Additional Information on the Research Tax Credit
T-GGD-95-161: Published: May 10, 1995. Publicly Released: May 10, 1995.
GAO discussed the future of the Internal Revenue Service's (IRS) research tax credit. GAO noted that: (1) the research tax credit is mainly earned by large corporations in the manufacturing sector; (2) the credit's net benefit to society should be evaluated in terms of the benefits derived from the additional research it stimulates rather than simply on how much research spending it stimulates; (3...
Earned Income Credit: Targeting to the Working Poor
T-GGD-95-136: Published: Apr 4, 1995. Publicly Released: Apr 4, 1995.
GAO discussed the Earned Income Credit (EIC), a major federal effort to assist the working poor. GAO noted that: (1) noncompliance, in the form of negligence, mistakes, confusion, and fraud, has been and continues to be a problem for EIC; (2) the Internal Revenue Service (IRS) estimates that about 34 percent of total EIC awarded in 1988 was erroneous; (3) IRS has expanded its efforts to ensure EIC...
Earned Income Credit: Targeting to the Working Poor
GGD-95-122BR: Published: Mar 31, 1995. Publicly Released: Apr 4, 1995.
Pursuant to a congressional request, GAO: (1) provided information on Earned Income Credit (EIC) noncompliance and the Internal Revenue Service's (IRS) actions to control EIC noncompliance; (2) reviewed the potential impacts of changes in EIC eligibility criteria; and (3) provided information on how many illegal aliens receive EIC and the Administration's proposal to exclude illegal aliens from EI...
Tax Policy: Information on the Research Tax Credit
T-GGD-95-140: Published: Apr 3, 1995. Publicly Released: Apr 3, 1995.
GAO discussed the research tax credit. GAO noted that: (1) in tax year 1992, corporations earned slightly over $1.5 billion in research tax credits; (2) most of the corporations were large manufacturers of chemicals, electronic machinery, motor vehicles, and nonelectronic machinery; (3) there is no estimate of the net benefit to society of the additional research the credit has stimulated; (4) the...
Private Timberlands: Private Timber Harvests Not Likely to Replace Declining Federal Harvests
RCED-95-51: Published: Feb 16, 1995. Publicly Released: Mar 7, 1995.
Pursuant to a congressional request, GAO provided information on the potential timber supply from private timberlands in Washington, Oregon, and California, focusing on: (1) the amount of private timberland acreage and volume of timber harvested through 1992; (2) reforestation requirements and the use of active timber management practices on private timberlands; (3) the incentive programs that enc...
Tax Administration: IRS' Fiscal Year 1996 Budget Request and the 1995 Filing Season
T-GGD-95-97: Published: Feb 27, 1995. Publicly Released: Feb 27, 1995.
GAO discussed the Internal Revenue Service's (IRS) fiscal year (FY) 1996 budget request and the status of the 1995 filing season. GAO noted that: (1) IRS has increased its FY 1996 budget request to $8.2 billion and 114,885 staff; (2) the increase is mainly for its Tax Systems Modernization Program (TSM), refund fraud prevention, and taxpayer telephone communication operations; (3) TSM has provided...
Tax Policy and Administration: 1994 Annual Report on GAO's Tax-Related Work
GGD-95-66: Published: Feb 16, 1995. Publicly Released: Feb 16, 1995.
Pursuant to a legislative requirement, GAO summarized its work on tax policy and administration issues during fiscal year (FY) 1994, including: (1) actions federal agencies took in response to its recommendations as of December 31, 1994; (2) recommendations made to Congress before and during FY 1994 that remain open; and (3) assignments for which GAO received authorized access to tax information.G...
Tax Administration: Earned Income Credit--Data on Noncompliance and Illegal Alien Recipients
GGD-95-27: Published: Oct 25, 1994. Publicly Released: Nov 14, 1994.
Pursuant to a congressional request, GAO provided information on the Earned Income Credit (EIC), focusing on the: (1) extent of noncompliance with EIC requirements in tax year 1993; and (2) number of illegal aliens who received EIC benefits.GAO found that: (1) although reliable data do not exist on the extent of noncompliance with EIC requirements, the Internal Revenue Service (IRS) believes that...
Tax Policy: Pharmaceutical Industry's Use of the Research Tax Credit
GGD-94-139: Published: May 13, 1994. Publicly Released: Jun 15, 1994.
Pursuant to a congressional request, GAO reviewed the major tax benefits used by the pharmaceutical industry, focusing on: (1) the characteristics of the companies claiming research tax credits; and (2) whether Internal Revenue Service (IRS) tax administration efforts adequately ensure that pharmaceutical companies comply with tax credit legislation.GAO found that: (1) between 1981 and 1990, the p...
Tax Policy: Tax Expenditures Deserve More Scrutiny
GGD/AIMD-94-122: Published: Jun 3, 1994. Publicly Released: Jun 7, 1994.
Pursuant to a congressional request, GAO reviewed tax expenditure growth, focusing on: (1) the size of increases in tax expenditures; (2) whether tax expenditures need increased scrutiny; and (3) options that could be used to control the growth of tax expenditures and the advantages and disadvantages of each alternative.GAO found that: (1) substantial revenues are forgone through tax expenditures,...