Income taxes (71 - 80 of 188 items)
Tax Administration: New Compliance Research Effort Is on Track, but Important Work Remains
GAO-02-769: Published: Jun 27, 2002. Publicly Released: Jul 30, 2002.
The U.S. tax system is based on taxpayers voluntarily complying with the tax laws. However, the Internal Revenue Service (IRS) last measured taxpayers' rate of compliance using 1988 tax returns. As time has passed, IRS has become concerned that its ability to understand the effectiveness of its programs and target audits on noncompliant returns has deteriorated, potentially resulting in poorer ser...
Tax Administration: IRS's Innocent Spouse Program Performance Improved; Balanced Performance Measures Needed
GAO-02-558: Published: Apr 24, 2002. Publicly Released: May 16, 2002.
By law, married persons who file joint tax returns are each fully responsible for the accuracy of the tax return and for the full tax liability. This is true even though only one taxpayer may have earned the wages or income shown on the tax return. Under the Internal Revenue Service's (IRS) Innocent Spousal Program, IRS can relieve taxpayers of tax debts on the basis of equity considerations, such...
Tax Administration: Continued Progress Modernizing IRS Depends on Managing Risks
GAO-02-715T: Published: May 14, 2002. Publicly Released: May 14, 2002.
In light of the fourth anniversary of the Internal Revenue Service (IRS) Restructuring and Reform Act of 1998, which established Congress' expectation that IRS modernize to better meet taxpayer needs, GAO gave an overview of IRS's current performance and resources and then assessed the progress that IRS has made modernizing and the risks to continued progress. Overall, IRS has seen increased workl...
Tax Administration: Electronic Filing's Past and Future Impact on Processing Costs Dependent on Several Factors
GAO-02-205: Published: Jan 10, 2002. Publicly Released: Feb 11, 2002.
From fiscal years 1997 through 2000, the number of individual and business tax returns filed electronically increased from 23 million to 41 million. During the same period, the Internal Revenue Service's (IRS) expenditures for submission processing grew from $795 million to $924 million, an increase of 16 percent. Because it costs less to process an electronic return than a paper return, a growth...
Earned Income Tax Credit Eligibility and Participation
GAO-02-290R: Published: Dec 14, 2001. Publicly Released: Jan 11, 2002.
The Earned Income Tax Credit (EIC), which is expected to provide more than $20 billion in refundable tax credits in fiscal year 2002, is intended to offset the burden of the Social Security payroll tax on low-income workers and encourage low-income individuals to work. About 75 percent of the 17.2 million eligible households have claimed the credit. GAO found that the participation rate varied by...
Tax Administration: Assessment of IRS' 2001 Tax Filing Season
GAO-02-144: Published: Dec 21, 2001. Publicly Released: Dec 21, 2001.
GAO assessed the Internal Revenue Service's (IRS) performance in the following five key tax filing season activities: (1) processing individual tax returns and refunds, (2) increasing the extent to which individual income tax returns are filed electronically, (3) answering telephone calls and providing quality telephone service, (4) providing accurate and timely face-to-face assistance at its Taxp...
Tax Deductions: Estimates of Taxpayers Who May Have Overpaid Federal Taxes by Not Itemizing
GAO-01-529: Published: Apr 12, 2001. Publicly Released: Apr 12, 2001.
When computing their federal taxes, taxpayers either claim a standard deduction or itemize deductions. This report estimates (1) the number of taxpayers who may have overpaid their taxes by claiming the standard deduction instead of itemizing their deductions, and (2) the amount of taxes they may have overpaid. On about 510,000 individual tax returns in tax year 1998, GAO found that taxpayers did...
Tax Administration: IRS Can Help Taxpayers Reduce the Need for Tax Abatements
GAO-01-328: Published: Mar 30, 2001. Publicly Released: Mar 30, 2001.
About one million taxpayers per year, as well as the Internal Revenue Service (IRS), incur costs to abate tax assessments created due to tax exemption errors. Avoiding the errors, or correcting them earlier, could reduce the burden on taxpayers of complying with tax laws. IRS has taken one step intended to help taxpayers avoid these errors--revising instructions for claiming exemptions. In anothe...
Internal Revenue Service: Preparing Substitute for Returns for Individuals
GGD-00-60R: Published: Feb 17, 2000. Publicly Released: Mar 3, 2000.
Pursuant to a congressional request, GAO provided information on the Substitute for Return (SFR) program at the Internal Revenue Service (IRS).GAO noted that: (1) IRS prepares a substitute for return for certain individuals classified as potential nonfilers for whom: (a) it has what it considers to be adequate information about income; and (b) the estimated tax liability is at or above a certain l...
Tax Administration: IRS' Abatement of Assessments in Fiscal Years 1995-98
GGD-99-77: Published: Jun 4, 1999. Publicly Released: Jun 4, 1999.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) past abatements of tax assessments, focusing on: (1) the number and amount of various types of tax, penalty, and interest abatements made during fiscal years (FY) 1995 through 1998; and (2) selected characteristics of the abatements, such as the tax years of abated assessments, taxpayers' use of p...