Voluntary compliance (61 - 70 of 92 items)
Tax Administration: Analysis of IRS' Budget Request for Fiscal Year 1995
GGD-94-129: Published: Apr 20, 1994. Publicly Released: Apr 20, 1994.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) fiscal year 1995 budget request.GAO found that: (1) IRS will not be able to fully utilize its fiscal year (FY) 1994 appropriation to implement compliance initiatives because it is expected to have significant budget shortfalls due to unfunded locality pay increase and other unfunded labor costs; (2) IRS expects...
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: Computer Matching Could Identify Overstated Business Deductions
GGD-93-133: Published: Aug 13, 1993. Publicly Released: Sep 16, 1993.
Pursuant to a congressional request, GAO provided information on small corporations' deduction reporting and the potential benefits the Internal Revenue Service (IRS) could achieve if it implemented a reverse matching program.GAO found that: (1) IRS could generate significant tax revenues and derive major benefits if it developed a reverse matching program to identify businesses that underreport i...
GGD-93-55R: Published: Jul 22, 1993. Publicly Released: Jul 22, 1993.
Pursuant to a congressional request, GAO reviewed the reporting of interest payments on an Internal Revenue Service (IRS) form when the same information is reported on annual cumulative bank statements. GAO noted that: (1) the Interest and Dividend Tax Compliance Act of 1983 requires that payors provide payees with information on interest payments on separate, specified forms that contain no other...
Tax Administration: IRS Activities to Increase Compliance of Overseas Taxpayers
GGD-93-93: Published: May 18, 1993. Publicly Released: May 18, 1993.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) efforts to improve overseas taxpayers' tax compliance.GAO found that: (1) IRS efforts to encourage overseas taxpayers' voluntary compliance included reducing taxpayer filing burden, increasing taxpayer education, and improving enforcement efforts; (2) IRS was unable to assess the extent of overseas taxpayer nonc...
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: Erroneous Dependent and Filing Status Claims
GGD-93-60: Published: Mar 19, 1993. Publicly Released: Mar 19, 1993.
Pursuant to a congressional request, GAO reviewed erroneous dependent and tax filing status claims, focusing on: (1) whether the laws on dependents and filing status need to be simplified; (2) what the Internal Revenue Service (IRS) is doing to address any erroneous claims; and (3) any changes that IRS could make in its compliance programs.GAO found that: (1) taxpayers' failure to meet the depende...
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 Administration: Compliance 2000--A Worthy Idea That Needs Effective Implementation
T-GGD-92-48: Published: Jun 3, 1992. Publicly Released: Jun 3, 1992.
GAO discussed the Internal Revenue Service's (IRS) Compliance 2000 Initiative to improve voluntary compliance with tax laws. GAO noted that the initiative's goal is to discern the root causes of tax noncompliance and then apply the appropriate tools to improve voluntary compliance in the future. GAO believes that, to successfully implement Compliance 2000 service-wide, IRS: (1) needs to develop a...
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...