Income taxes (51 - 60 of 66 items)
Tax Administration: IRS' Efforts to Establish a Business Information Returns Program
GGD-88-102: Published: Jul 22, 1988. Publicly Released: Aug 23, 1988.
In response to a congressional request GAO discussed the Internal Revenue Service's (IRS) progress in implementing its Document Matching Program for business taxpayers.GAO found that IRS: (1) developed a cross-reference file containing sole proprietors' social security numbers (SSN) and employer identification numbers (EIN); (2) plans to use the file to combine information returns sole proprietors...
Tax Administration: IRS Could Reduce the Number of Unproductive Business Nonfiler Investigations
GGD-88-77: Published: May 24, 1988. Publicly Released: Jun 20, 1988.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) efforts to detect business nonfilers, focusing on ways IRS could reduce the number of unproductive investigations.GAO found that, of 1,976 business nonfiler investigations IRS closed in fiscal year 1987: (1) 298, or 15 percent, involved cases in which IRS erroneously issued multiple employer identification numbe...
Tax Administration: Opportunities Exist for Improving IRS' Administration of Alien Taxpayer Programs
GGD-88-54: Published: Apr 11, 1988. Publicly Released: May 12, 1988.
Pursuant to a congressional request, GAO studied the: (1) extent to which legal aliens complied with tax filing requirements; and (2) effectiveness of Internal Revenue Service (IRS) programs aimed at identifying and collecting legal aliens' income taxes.GAO found that IRS: (1) lacked sufficient information to measure the extent to which legal aliens complied with requirements, or the effectiveness...
The Tax Gap
T-GGD-88-22: Published: Mar 31, 1988. Publicly Released: Mar 31, 1988.
GAO discussed the gap between the amount of income taxes that individuals and businesses owed and the amount that they voluntarily paid. GAO noted that the Internal Revenue Service's (IRS) most recent estimate showed: (1) a tax gap of $84.9 billion for tax year 1987, with individuals owing $63.5 billion, large and medium corporations owing about $16 billion, and small corporations owing about $5 b...
Tax Administration: IRS' Tax Gap Studies
GGD-88-66BR: Published: Mar 25, 1988. Publicly Released: Mar 25, 1988.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) studies on the tax gap, defined as the difference between the amount of income taxes individuals and businesses voluntarily pay and the amount of income taxes individuals and businesses actually owe.GAO found that the IRS 1988 tax gap study differed from its 1983 study in that it: (1) excluded tax...
The Merits of Establishing a Business Information Returns Program
T-GGD-87-4: Published: Mar 17, 1987. Publicly Released: Mar 17, 1987.
GAO discussed the feasibility of the Internal Revenue Service (IRS) implementing a business information returns program similar to the one it operates to assess the extent of individual taxpayers' noncompliance. GAO noted that: (1) under the program for individual returns, IRS conducts computer matches between information returns from various sources with filed tax returns to determine cases of in...
Taxation of the Insurance Industry
129132: Feb 20, 1986
A speech was given presenting GAO views on: (1) the taxation of the insurance industry; (2) property and casualty insurance companies' pricing strategies; (3) the impact of certain current tax provisions on the industry; and (4) the consolidation of property/casualty companies with parent companies that are not in the insurance business. Because the ability to offset underwriting and investment in...
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...
IRS' Examination Selection System for Exempt Organizations' Unrelated Business Income
GGD-85-64: Published: Jul 8, 1985. Publicly Released: Jul 8, 1985.
GAO analyzed the Internal Revenue Service's (IRS) examination selection system for tax-exempt organizations earning unrelated business income (UBI).GAO found that, although IRS assessed over $41 million in additional tax and penalties upon UBI examinations in fiscal years 1981 through 1983, a substantial number of UBI examinations resulted in little or no additional tax revenue. GAO also found tha...
Federal Government Efforts To Prevent Tax Treaty Abuses
123384: Feb 28, 1984
GAO discussed Department of the Treasury and Internal Revenue Service efforts to prevent abuses of bilateral income tax treaties by non-U.S. residents. Previous studies indicated that Treasury may be losing hundreds of millions of dollar annually as a result of tax treaty abuse. GAO studied the withholding tax systems used by three nations and identified several alternatives to the present U.S. ta...