Taxes (61 - 70 of 120 items)
Public Utilities: Disposition of Excess Deferred Taxes
GGD-91-51: Published: Sep 27, 1991. Publicly Released: Nov 4, 1991.
Pursuant to a congressional request, GAO provided information on the treatment of privately owned public utilities' excess deferred tax reserves created by the Tax Reform Act of 1986, focusing on: (1) the origin of excess deferred taxes and how utilities may and may not use them; (2) how fast excess deferred tax balances can be passed on to utility customers under normalization; (3) policy issues...
Tax Administration: Efforts to Prevent, Identify, and Collect Employment Tax Delinquencies
GGD-91-94: Published: Aug 28, 1991. Publicly Released: Aug 28, 1991.
Pursuant to a congressional request, GAO reviewed Internal Revenue Service (IRS) efforts to prevent, identify, and collect employment tax delinquencies, focusing on whether problems exist in the overall IRS strategy for addressing employment tax delinquencies.GAO found that: (1) IRS did not have a centralized effort for preventing, identifying, or collecting delinquent employment taxes; (2) IRS co...
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...
Ongoing GAO Assignment Is Examining Luxury Excise Taxes
T-GGD-91-44: Published: Jun 12, 1991. Publicly Released: Jun 12, 1991.
GAO discussed its ongoing evaluation of the policy and administrative issues associated with luxury excise taxes. GAO noted that it plans to: (1) assess Internal Revenue Service examination plans and early audit results; (2) review public comments on the proposed regulations implementing the tax to identify provisions that may present problems to taxpayers; (3) evaluate such policy issues arising...
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 Policy and Administration: 1990 Annual Report on GAO's Tax-Related Work
GGD-91-46: Published: Apr 16, 1991. Publicly Released: Apr 16, 1991.
Pursuant to a legislative requirement, GAO provided information regarding its work on tax policy and administration during fiscal year (FY) 1990, including: (1) actions federal agencies took in response to GAO recommendations as of December 31, 1990; (2) recommendations GAO made to Congress before FY 1990 that remain open; (3) assignments where Congress authorized GAO access to tax information; an...
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...
Social Security: Taxing Nonqualified Deferred Compensation
T-HRD-90-21: Published: Apr 5, 1990. Publicly Released: Apr 5, 1990.
GAO discussed taxation of nonqualified deferred compensation. GAO found that: (1) income deferral plans represented employers' promises to provide future income to employees for services they currently rendered; (2) self-employed persons could also defer income through contractual agreements with their clients; (3) deferred incomes provided advantages for persons with current income at or over the...
Tax Policy: Uncertain Impact of Repealing the Deferral for Reinvested Shipping Income
GGD-90-35: Published: Mar 26, 1990. Publicly Released: Mar 30, 1990.
Pursuant to a congressional request, GAO reviewed the effects of repealing the tax deferral for foreign-earned shipping income, focusing on the: (1) generation of additional tax revenues; and (2) availability of merchant ships planned for use in national emergencies.GAO found that: (1) since the passage of the Tax Reform Act of 1986, foreign-based shipping income had increasingly been subjected to...
Tax Policy and Administration: 1989 Annual Report on GAO's Tax-Related Work
GGD-90-46: Published: Mar 16, 1990. Publicly Released: Mar 16, 1990.
Pursuant to a legislative requirement, GAO presented its annual report for fiscal year 1989 on its work on tax policy and administration matters, including such information as: (1) summaries of tax-related products issued in 1989; (2) summaries of tax-related products issued before 1989 with open recommendations to Congress; (3) descriptions of legislative actions taken in 1989 in response to GAO...