Income taxes (61 - 70 of 135 items)
Tax Administration: Improving Independent Contractor Compliance with Tax Laws
T-GGD-94-194: Published: Aug 4, 1994. Publicly Released: Aug 4, 1994.
GAO discussed how health care reform would affect independent contractors' compliance with tax laws. GAO noted that: (1) implementing a health care reform plan that forces employers to pay the majority of their employees' health insurance premiums could lead to many employers reclassifying their employees as independent contractors; (2) a large-scale reclassification of employees could jeopardize...
International Taxation: IRS' Administration of Tax-Customs Valuation Rules in Tax Code Section 1059A
GGD-94-61: Published: Feb 4, 1994. Publicly Released: Mar 7, 1994.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) enforcement of section 1059A of the Internal Revenue Code (IRC), focusing on: (1) specific cases in which IRS used section 1059A to govern transfer prices; (2) the applicability of section 1059A to certain transactions between U.S. and Mexican affiliates; (3) the impact on U.S. revenues of allowin...
Tax Policy: Earned Income Tax Credit: Design and Administration Could Be Improved
GGD-93-145: Published: Sep 24, 1993. Publicly Released: Sep 24, 1993.
Pursuant to a congressional request, GAO reviewed the Earned Income Credit (EIC), focusing on: (1) whether EIC meets it objectives; (2) the Internal Revenue Service's (IRS) problems in administering EIC; (3) the distribution of EIC benefits among taxpayers; (4) the extent that EIC offsets the payroll tax; and (5) EIC impact on work incentives.GAO found that: (1) most low-income families are not el...
International Taxation: Taxes of Foreign- and U.S.-Controlled Corporations
GGD-93-112FS: Published: Jun 11, 1993. Publicly Released: Jul 12, 1993.
Pursuant to a congressional request, GAO provided information on how many taxpaying corporations in various asset categories paid a minimal amount of income tax in 1989.GAO found that: (1) 40 percent of the large corporations conducting business in the United States paid no income taxes or paid income taxes of less than $100,000; (2) 30 percent of large foreign-controlled corporations with assets...
Earned Income Tax Credit: Effectiveness of Design and Administration
T-GGD-93-20: Published: Mar 30, 1993. Publicly Released: Mar 30, 1993.
GAO discussed earned income tax credit as a wage supplement and its effect on work incentives. GAO noted that: (1) most low-income households do not qualify for the tax credit; (2) for the 18 percent targeted, the tax credit offsets payroll taxes, increases progressivity of the tax system, and provides a positive work incentive to the lowest income group with only a slight disincentive to other re...
Tax Administration: Erroneous Dependent and Filing Status Claims
GGD-93-60: Published: Mar 19, 1993. Publicly Released: Mar 19, 1993.
Pursuant to a congressional request, GAO reviewed erroneous dependent and tax filing status claims, focusing on: (1) whether the laws on dependents and filing status need to be simplified; (2) what the Internal Revenue Service (IRS) is doing to address any erroneous claims; and (3) any changes that IRS could make in its compliance programs.GAO found that: (1) taxpayers' failure to meet the depende...
Small Tax Exempt Insurance Companies
GGD-93-11R: Published: Feb 8, 1993. Publicly Released: Feb 8, 1993.
GAO reviewed tax-exempt insurance companies, focusing on companies covered by Section 501(c)15 of the Internal Revenue Code (IRC). GAO noted that: (1) insurance companies that qualified for the tax exemption since 1986 were generally small companies that Congress intended to assist; and (2) in a few instances, companies have earned large amounts of investment income tax free under the revised sect...
Tax Policy: 1988 and 1989 Company Effective Tax Rates Higher Than in Prior Years
GGD-92-111: Published: Aug 31, 1992. Publicly Released: Sep 19, 1992.
Pursuant to a congressional request, GAO reviewed the effects of the Tax Reform Act of 1986 on large company tax rates, focusing on: (1) effective tax rates for 1988 and 1989; and (2) reasons for low or high effective tax rates.GAO found that: (1) between 1986 and 1989, average U.S. effective tax rates increased by 72.6 percent, from 18.6 percent in 1986 to 32.9 percent in 1989; (2) by 1989, the a...
International Taxation: Problems Persist in Determining Tax Effects of Intercompany Prices
GGD-92-89: Published: Jun 15, 1992. Publicly Released: Jul 16, 1992.
Pursuant to a congressional request, GAO provided information on: (1) whether foreign companies underpay income taxes by improperly using transfer pricing; (2) how the Internal Revenue Service (IRS) determines and recovers such underpaid taxes; and (3) possible alternatives for handling transfer pricing.GAO found that: (1) foreign-controlled companies often report lower gross profits, net income,...
The New Earned Income Credit Form Is Complex and May Not Be Needed
T-GGD-91-68: Published: Sep 17, 1991. Publicly Released: Sep 17, 1991.
GAO discussed the Internal Revenue Service's (IRS) efforts to develop a new form for taxpayers to use in applying for the earned income tax credit. GAO noted that: (1) IRS set up a special task force to develop the new form, solicited comments outside of the usual channels, and tested the clarity and simplicity of the forms and instructions by using focus groups; (2) based on comments IRS received...