Federal taxes (51 - 59 of 59 items)
Tax Administration: Erroneous Penalties for Failure to File Returns or Pay Taxes Can Be Reduced
GGD-90-80: Published: Apr 13, 1990. Publicly Released: Apr 13, 1990.
GAO reviewed Internal Revenue Service (IRS) tax penalty assessments, abatements, and statistics.GAO found that: (1) IRS correctly granted 91 percent of abatements; (2) 29 percent of abatements were needed to correct IRS assessment errors; (3) erroneous assessments were primarily caused by IRS processing errors; (4) IRS needed better documentation on abatement decisions; (5) strengthened IRS intern...
IRS' Accounts Receivable Inventory
T-GGD-90-19: Published: Feb 20, 1990. Publicly Released: Feb 20, 1990.
GAO discussed the Internal Revenue Service's (IRS) growing accounts receivable inventory. GAO found that IRS increased resources for collection activities and undertook numerous internal studies and projects to slow its growing inventory, but its internal controls failed to ensure that taxes were properly accounted for and collected. GAO also found that: (1) IRS lacked very basic management inform...
Tax Policy: Options for Civil Penalty Reform
GGD-89-81: Published: Sep 6, 1989. Publicly Released: Oct 11, 1989.
Pursuant to a congressional request, GAO analyzed changes to the civil penalty provisions of the Internal Revenue Code proposed in a congressional bill and an Internal Revenue Service (IRS) report, focusing on whether the economic value of the penalty, its potential coverage, and its assessment criteria could effectively motivate taxpayer compliance and deter noncompliance.GAO found that: (1) both...
Tax Administration: Statistics on IRS' Use of Levies to Collect Delinquent Taxes
GGD-89-97FS: Published: Jul 17, 1989. Publicly Released: Jul 17, 1989.
Pursuant to a congressional request, GAO provided information on the results of the Internal Revenue Service's (IRS) use of levies to collect delinquent taxes through its Automated Collection System (ACS).GAO found that: (1) IRS used levies to collect about one-half of the delinquent taxpayer accounts it sent to ACS during 1986; (2) IRS averaged about two levies per taxpayer, of which about one-ha...
Tax Policy: Congress Should Further Restrict Use of the Completed Contract Method
GGD-86-34: Published: Jan 17, 1986. Publicly Released: Feb 7, 1986.
In response to a congressional request, GAO developed and analyzed data on the extent to which manufacturing and construction contractors use the completed contract method to defer federal taxes to determine whether continued use of the method is justified.Contractors have justified the use of the completed contract method of accounting on the basis that, due to inherent uncertainties in their tra...
Right To Recover Anticipated Profits
B-202801: Published: May 7, 1981. Publicly Released: Jun 4, 1985.
No summary is currently available...
U.S. Citizens Living in Foreign Countries and Not Filing Federal Income Tax Returns
126891: May 8, 1985
Pursuant to a congressional request, GAO commented on the problem of U.S. citizens who live in foreign countries and do not file federal income tax returns. GAO stated that: (1) the Internal Revenue Service (IRS) has been hampered in its effort to quantify the extent of the problem because the Privacy Act precludes IRS from accessing certain nontax information which may be useful; and (2) there is...
Review of the Department of Finance and Revenue's Administration of Self-Assessed Taxes
089599: May 17, 1976
No summary is currently available...
Fictitious Tax Deposit Claims Plague IRS
GGD-81-45: Published: Apr 28, 1981. Publicly Released: Apr 28, 1981.
As a result of the current interest in cash management and the timely collection of tax revenues, GAO undertook a review of the procedures used by the Internal Revenue Service (IRS) to collect withheld taxes from employers who do not deposit the taxes, yet claim on their tax return that they made the deposits.In its review, GAO found that withheld income and social security taxes accounted for $29...