Taxes (71 - 77 of 77 items)
Underground Economy--What Can and Should Be Done: The Federal Role
113937: Nov 19, 1980
If people had paid the taxes which the Internal Revenue Service (IRS) estimated went unreported in 1976, the Federal Government's fiscal year 1977 budget deficit would have been reduced by 58 percent. Certain actions are being taken by IRS to improve its programs to detect and deter noncompliance. Other actions need congressional attention. IRS compliance enforcement programs include collections,...
IRS Efforts To Detect and Pursue Corporate Nonfilers
GGD-80-34: Published: Feb 11, 1980. Publicly Released: Feb 11, 1980.
As a follow-on to a review of efforts by the Internal Revenue Service (IRS) to identify individual nonfilers, GAO evaluated the IRS corporate nonfilers program at three IRS district offices.Generally, the weaknesses found in IRS investigative policies and procedures for securing delinquent corporate income tax returns are similar to those discussed in the earlier report on individual nonfilers. Ho...
The Underground Economy
110919: Nov 15, 1979
The Internal Revenue Service (IRS) estimated that during tax year 1976 as much as $135 billion in income went unreported and, as a result, as much as $26 billion in potential tax revenues to the Government went uncollected. These estimates are probably understated because IRS did not include estimates of unreported illegal-source income for many type activities such as arson for profit; smuggling...
110310: Sep 6, 1979
The subterranean economy report of the Internal Revenue Service (IRS) revealed that taxes are not paid on at least $135 billion of income; if people had paid the $26 billion in taxes on this income, the fiscal year 1977 budget deficit would have been reduced by 58 percent, from $45 billion to $19 billion. The Government should take actions to develop a comprehensive compliance strategy. The Treasu...
IRS Can Improve Its Programs To Collect Taxes Withheld by Employers
GGD-78-14: Published: Feb 21, 1978. Publicly Released: Feb 21, 1978.
In fiscal year (FY) 1976, employment trust fund taxes (income tax withheld and social security tax) accounted for $191 billion of federal gross receipts; these trust fund taxes accounted for 63 percent of federal gross receipts over the past 3 years. Collection of these tax funds is the foremost delinquency problem facing the Internal Revenue Service (IRS). During FY 1976, IRS initiated collection...
Use of Jeopardy and Termination Assessments by the Internal Revenue Service
GGD-76-14: Published: Jul 16, 1976. Publicly Released: Jul 16, 1976.
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