Taxes (61 - 70 of 129 items)
Tax Administration: Data on the Tax Compliance of Sweatshops
GGD-94-210FS: Published: Sep 23, 1994. Publicly Released: Nov 1, 1994.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) and two states' efforts to enforce garment and restaurant industry compliance with federal and state tax laws.GAO found that: (1) many sweatshops do not comply with one or more elements of federal or state tax laws; (2) of the 94 garment and restaurant sweatshops reviewed, 84 were penalized for filing returns or...
Tax Administration: Compliance Measures and Audits of Large Corporations Need Improvement
GGD-94-70: Published: Sep 1, 1994. Publicly Released: Oct 17, 1994.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) Coordinated Examination Program (CEP) to audit the largest corporations' tax returns, focusing on: (1) whether large corporations pay all the taxes they owe; (2) the amount of additional taxes collected after appeals and litigation; (3) factors that reduce the amounts collected; and (4) the status of ongoing cha...
Tax Administration: Improving Independent Contractor Compliance with Tax Laws
T-GGD-94-194: Published: Aug 4, 1994. Publicly Released: Aug 4, 1994.
GAO discussed how health care reform would affect independent contractors' compliance with tax laws. GAO noted that: (1) implementing a health care reform plan that forces employers to pay the majority of their employees' health insurance premiums could lead to many employers reclassifying their employees as independent contractors; (2) a large-scale reclassification of employees could jeopardize...
Tax Administration: IRS' New Business Vision
T-GGD-94-58: Published: Nov 17, 1993. Publicly Released: Nov 17, 1993.
GAO discussed the Internal Revenue Service's (IRS) plans to change its business operations, focusing on its: (1) new business vision; (2) efforts to increase electronically-filed tax returns; and (3) retention and redeployment of staff. GAO noted that: (1) the new IRS business vision incorporates concepts such as a single IRS contact for taxpayers trying to solve problems, expanded electronic fili...
Corporate Taxes: Many Benefits and Few Costs to Reporting Net Operating Loss Carryover
GGD-93-131: Published: Sep 23, 1993. Publicly Released: Oct 25, 1993.
Pursuant to a congressional request, GAO provided information on corporate net operating losses (NOL), focusing on: (1) corporate NOL carryovers from past years; (2) Internal Revenue Service (IRS) taxpayer instructions on how to use NOL carryovers; (3) an IRS proposal to modify corporate tax returns to include the reporting of NOL carryover amounts; and (4) IRS enforcement efforts on NOL and net o...
Tax Administration: IRS' Budget Request for Fiscal Year 1994
T-GGD-93-23: Published: Apr 28, 1993. Publicly Released: Apr 28, 1993.
GAO discussed the Internal Revenue Service's (IRS) fiscal year (FY) 1994 budget request. GAO noted that: (1) IRS requested $7.4 billion and 116,060 full-time equivalents (FTE) for FY 1994, an increase of $284 million and 792 FTE over FY 1993; (2) the $82.8-million budget request for synchronized systems deployment is inappropriate, since IRS may not be able to complete the four systems involved; (...
Tax Administration: Information Returns Can Improve Reporting of Forgiven Debts
GGD-93-42: Published: Feb 17, 1993. Publicly Released: Mar 19, 1993.
Pursuant to a congressional request, GAO reviewed whether the Internal Revenue Service (IRS) should require lenders to report taxpayers' forgiven debts, focusing on the potential effects on voluntary compliance if the Federal Deposit Insurance Corporation (FDIC) and the Resolution Trust Corporation (RTC) were required to report forgiven debt information to IRS.GAO found that: (1) in 1986, 1 percen...
Tax Policy and Administration: 1991 Annual Report on GAO's Tax-Related Work
GGD-92-57: Published: May 21, 1992. Publicly Released: May 21, 1992.
Pursuant to a legislative requirement, GAO provided information regarding its work on tax policy and administration during fiscal year (FY) 1991, including: (1) actions that federal agencies took in response to GAO recommendations; (2) recommendations that GAO made to Congress before FY 1991 that remain open; (3) assignments under which Congress authorized GAO access to tax information; and (4) GA...
Tax Administration: Federal Agency Tax Compliance Problems Remain; Improvements Are Planned
GGD-92-29: Published: Feb 18, 1992. Publicly Released: Apr 8, 1992.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) federal agencies accounts receivable inventory, focusing on: (1) which federal agency accounts remained unresolved; and (2) the status of the Secretary of the Treasury's efforts to implement previous GAO recommendations addressing federal agency tax compliance problems.GAO found that: (1) on June...
Tax Administration: Benefits of a Corporate Document Matching Program Exceed the Costs
GGD-91-118: Published: Sep 27, 1991. Publicly Released: Oct 3, 1991.
Pursuant to a congressional request, GAO analyzed issues on the feasibility of an Internal Revenue Service (IRS) document matching program for payments to corporations, focusing on: (1) what legislative actions Congress needs to take; and (2) how IRS can reduce the program's burden on the business community.GAO believes that Congress: (1) and IRS could reduce the burden of a corporate matching sys...