Income taxes (71 - 80 of 135 items)
Simplifying Payroll Tax Deposit Rules
T-GGD-91-65: Published: Sep 12, 1991. Publicly Released: Sep 12, 1991.
GAO discussed legislation that would simplify the payroll tax deposit system. GAO noted that: (1) since the current rules for depositing payroll taxes are complex and misleading, about one-third of employers are penalized annually for noncompliance; (2) both bills would simplify those rules by requiring large employers to deposit their payroll taxes on either the Tuesday or Friday following each p...
Simplifying Payroll Tax Deposit Rules
T-GGD-91-59: Published: Jul 24, 1991. Publicly Released: Jul 24, 1991.
GAO discussed proposed provisions to simplify the payroll tax deposit system. GAO noted that: (1) deposit rules are difficult to understand and to comply with because employers can be subject to more than one deposit rule during a tax period; (2) in 44 percent of 75 penalty cases examined, IRS tax examiners miscalculated the flat-rate penalty due to improper application of deposit requirements; (3...
Tax Administration: A Generally Successful Filing Season in 1991
GGD-91-98: Published: Jun 28, 1991. Publicly Released: Jun 28, 1991.
Pursuant to a congressional request, GAO assessed the Internal Revenue Service's (IRS) performance during the 1991 tax filing season, focusing on the: (1) accuracy and accessibility of toll-free telephone assistance; (2) availability of tax materials at distribution centers and walk-in offices; and (3) returns processing by the 10 service centers.GAO found that: (1) the accuracy of IRS answers to...
Tax Administration: Expanded Reporting on Seller-Financed Mortgages Can Spur Tax Compliance
GGD-91-38: Published: Mar 29, 1991. Publicly Released: May 6, 1991.
Pursuant to a congressional request to assist the Internal Revenue Service (IRS) in increasing taxpayer compliance, GAO reviewed buyers' and sellers' reporting of interest payments made or received under seller-financed mortgages (SFM).GAO found that, according to an IRS study: (1) some taxpayers failed to correctly report SFM interest paid or received; (2) in one service area, IRS enforcement eff...
IRS' Efforts to Ensure Corporate Tax Compliance
T-GGD-91-21: Published: Apr 17, 1991. Publicly Released: Apr 17, 1991.
GAO discussed the Internal Revenue Service's (IRS) Coordinated Examination Program (CEP) to audit large corporations. GAO noted that: (1) between 1982 and 1992, the corporate tax gap will have grown over 3 times faster than the individual tax gap; (2) small corporations voluntarily paid 61 percent of the tax they owed in 1987, compared to 82 percent in 1980; (3) reasons for the decline in complian...
Tax Administration: IRS' 1990 Filing Season Performance Continued Recent Positive Trends
GGD-91-23: Published: Dec 27, 1990. Publicly Released: Dec 27, 1990.
Pursuant to a congressional request, GAO assessed the Internal Revenue Service's (IRS) performance during the 1990 tax return filing season, focusing on the: (1) accuracy and accessibility of its toll-free telephone assistance program; (2) availability of tax materials at its distribution centers and walk-in offices; and (3) processing of returns and related refunds.GAO found that: (1) walk-in sit...
Tax Administration: IRS Preparer Penalty Data Inaccurate and Misleading
GGD-90-92: Published: Aug 15, 1990. Publicly Released: Aug 15, 1990.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) administration of the return preparer penalty program to determine whether IRS imposed preparer penalties appropriately and consistently.GAO found that IRS preparer penalty statistics did not accurately reflect preparer noncompliance because IRS: (1) procedures allowed multiple penalties to be abated in one tran...
Tax Policy: Federal Tax Deposit Requirements Should Be Simplified
GGD-90-102: Published: Jul 31, 1990. Publicly Released: Jul 31, 1990.
Pursuant to a congressional request, GAO evaluated the federal tax deposit (FTD) requirements for withheld income and social security taxes, focusing on whether the Internal Revenue Service (IRS): (1) appropriately and accurately assesses and abates deposit penalties; and (2) guidance to employers on complying with the deposit requirements was adequate.GAO found that: (1) one-third of the nation's...
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...
Tax Policy: 1987 Company Effective Tax Rates Higher Than in Prior Years
GGD-90-69: Published: May 10, 1990. Publicly Released: May 17, 1990.
Pursuant to a congressional request, GAO reviewed the overall domestic and international tax burdens of large U.S. companies for 1986 and 1987.GAO found that: (1) the U.S. companies included in the study had higher U.S. and international effective tax rates in 1987 than in 1986 or the years included in earlier studies; (2) 1987 industry effective tax rates increased over earlier periods; (3) the i...