Taxes (51 - 60 of 199 items)
Tax Compliance: Better Compliance Data and Long-term Goals Would Support a More Strategic IRS Approach to Reducing the Tax Gap
GAO-05-753: Published: Jul 18, 2005. Publicly Released: Aug 17, 2005.
According to the Internal Revenue Service (IRS), a gap arises each year between what taxpayers pay accurately and on time in taxes and what they should pay under the law. The tax gap is composed of underreporting of tax liabilities on tax returns, underpaying of taxes due from filed returns, and nonfiling of required tax returns altogether or on time. GAO was asked to provide information on (1) th...
Tax-Exempt Sector: Governance, Transparency, and Oversight Are Critical for Maintaining Public Trust
GAO-05-561T: Published: Apr 20, 2005. Publicly Released: Apr 20, 2005.
The tax-exempt sector under section 501(c) of the Internal Revenue Code covers over a million-and-a-half entities of varying sizes and purposes. Its diversity allows it to address the needs of many citizens. To help it do so, Congress and some in the tax-exempt sector itself encourage good governance practices by exempt entities. Transparency over exempt entities' activities is aided by public acc...
International Taxation: Tax Haven Companies Were More Likely to Have a Tax Cost Advantage in Federal Contracting
GAO-04-856: Published: Jun 30, 2004. Publicly Released: Aug 27, 2004.
The federal government was involved in about 8.6 million contract actions, including new contract awards, worth over $250 billion in fiscal year 2002. Some of these contracts were awarded to tax haven contractors, that is, U.S. subsidiaries of corporate parents located in tax haven countries. Concerns have been raised that these contractors may have an unfair cost advantage when competing for fede...
Internal Revenue Service: Challenges Remain in Combating Abusive Tax Schemes
GAO-04-50: Published: Nov 19, 2003. Publicly Released: Dec 19, 2003.
Abusive tax avoidance schemes could threaten our tax system's integrity and fairness if honest taxpayers believe that significant numbers of individuals are not paying their fair share of taxes. Abusive schemes encompass such distortions of the tax system as falsely describing the law (saying, for example, that the income tax is unconstitutional), misrepresenting facts (for instance, promoting the...
Internal Revenue Service: Unpaid Taxes of Federal Workers and Annuitants
GAO-01-195: Published: Jun 14, 2001. Publicly Released: Jun 14, 2001.
Voluntary compliance with tax laws, the foundation of the U.S. tax system, could be undermined if the public perceives that federal workers and former federal workers successfully evade their tax obligations. Internal Revenue Service (IRS) records indicate that federal workers and annuitants, and IRS workers in particular, appear to be more compliant in meeting their tax responsibilities than the...
Federal Taxes: Information on Payroll Taxes and Earned Income Tax Credit Noncompliance
GAO-01-487T: Published: Mar 7, 2001. Publicly Released: Mar 7, 2001.
This testimony discusses (1) how payroll taxes fund Social Security and the Medicare Hospital Insurance (HI) programs and (2) noncompliance associated with the Earned Income Tax Credit (EITC) and efforts to deal with that noncompliance. Payroll taxes fund the Social Security Program and the Medicare HI program. These taxes are paid in equal portions by employees and their employers. Employees and...
Serving the Congress and the Nation: Tax Administration and Justice Information
GAO-01-418SP: Published: Mar 1, 2001. Publicly Released: Mar 1, 2001.
This is an insert to GAO's publication, Serving the Congress and the Nation, describing the role, functions, and responsibilities of GAO's Tax Administration and Justice team...
Alternative Minimum Tax: An Overview of Its Rationale and Impact on Individual Taxpayers
GGD-00-180: Published: Aug 15, 2000. Publicly Released: Sep 19, 2000.
Pursuant to a congressional request, GAO provided information on the alternative minimum tax (AMT) system, focusing on: (1) the rationale for establishing AMT; (2) how AMT affects taxpayers' tax liability; (3) the expected increase in AMT coverage and additional tax liability and the major reasons for the increase; and (4) the impact of the projected increase in AMT coverage on taxpayers' complian...
Taxpayer Confidentiality: Federal, State, and Local Agencies Receiving Taxpayer Information
GGD-99-164: Published: Aug 30, 1999. Publicly Released: Aug 30, 1999.
Pursuant to a congressional request, GAO assessed the disclosure practices and safeguards employed by the Internal Revenue Service (IRS) and other federal, state, and local agencies to protect taxpayer information, focusing on: (1) which federal, state, and local agencies receive taxpayer information from IRS; (2) what type of information they receive; (3) how the taxpayer information is being use...
Unpaid Payroll Taxes: Billions in Delinquent Taxes and Penalty Assessments Are Owed
AIMD/GGD-99-211: Published: Aug 2, 1999. Publicly Released: Aug 2, 1999.
Pursuant to a congressional request, GAO provided information on payroll taxes owed to the federal government and the associated trust fund recovery penalties assessed individuals responsible for the nonpayment of these taxes, focusing on the: (1) extent to which payroll taxes are not remitted to the federal government; (2) magnitude of the trust fund recovery penalties assessed against individual...