Taxpayers (81 - 90 of 725 items)
Higher Education: Improved Tax Information Could Help Families Pay for College
GAO-12-560: Published: May 18, 2012. Publicly Released: Jun 18, 2012.
Multiple Title IV programs and tax expenditures provided substantial aid to populations across income levels. In 2009, 12.8 million students received Title IV aid, and approximately 18-million tax filers claimed a higher education tax benefit for current expenses. Recent increases in both programs from 2008 to 2009 may be because of enrollment increases and legislative actions, among other factors...
Patient Protection and Affordable Care Act: IRS Managing Implementation Risks, but Its Approach Could Be Refined
GAO-12-690: Published: Jun 13, 2012. Publicly Released: Jun 13, 2012.
The Internal Revenue Service (IRS) has implemented one of GAOs four recommendations from June 2011 to strengthen the Patient Protection and Affordable Care Act (PPACA) implementation efforts by scheduling the development of performance measures for the PPACA program. IRS has made varying degrees of progress on the other three recommendations:develop program goals and an integrated project pl...
Tax Policy: Factors for Evaluating Expiring Tax Provisions
GAO-12-760T: Published: Jun 8, 2012. Publicly Released: Jun 8, 2012.
Factors commonly used to evaluate tax policy, as well as other policy tools such as spending programs or regulations, can be applied to decisions about whether and how to extend expiring tax expenditures, as discussed below.Revenue Effects. Revenues foregone through tax expenditures either reduce resources available to fund other federal activities or require higher tax rates to raise a given amou...
Foreign Account Reporting Requirements: IRS Needs to Further Develop Risk, Compliance, and Cost Plans
GAO-12-484: Published: Apr 16, 2012. Publicly Released: May 16, 2012.
IRS has taken initial steps to implement FATCA requirements in line with leading implementation practices, including establishing a team to manage the implementation process and issuing guidance and proposed regulations. IRS has involved external stakeholders in the implementation process, which has helped inform IRSs implementation plans and regulations. IRS has also communicated initial in...
Internal Revenue Service: Opportunities to Improve the Taxpayer Experience and Voluntary Compliance
GAO-12-652T: Published: Apr 26, 2012. Publicly Released: Apr 26, 2012.
The Internal Revenue Service (IRS) has made improvements in processing tax returns, and electronic filing (e-filing), which provides benefits to taxpayers including faster refunds, continues to increase. However, IRSs performance in providing service over the phone and responding to paper correspondence has declined in recent years. For 2012, as with previous years, IRS officials attribute t...
Tax Gap: Sources of Noncompliance and Strategies to Reduce It
GAO-12-651T: Published: Apr 19, 2012. Publicly Released: Apr 19, 2012.
Noncompliance does not have a single source but occurs across different types of taxes and taxpayers. For example, individual income tax accounts for the largest portion of the tax gap, but corporate income tax and employment tax are also significant. Further, misreporting by individuals involves business income, non-business income, deductions, and credits. The extent of misreporting depends on t...
Reporting Foreign Accounts to IRS: Extent of Duplication Not Currently Known, but Requirements Can Be Clarified
GAO-12-403: Published: Feb 28, 2012. Publicly Released: Mar 29, 2012.
Some of the information requested on the Form 8938 and FBAR is duplicative. Both forms ask for the same or similar information on the filer, foreign financial accounts, and financial institutions where accounts are held. Form 8938 asks for additional information not required by the FBAR, such as other foreign financial assets and income. Since the Form 8938 is a new requirement beginning after 201...
Internal Revenue Service: Interim Results of 2012 Tax Filing Season and Summary of the Fiscal Year 2013 Budget Request
GAO-12-566: Published: Mar 20, 2012. Publicly Released: Mar 22, 2012.
In summary, so far this filing season, IRSexperienced an increase in total call volume (mostly for automated calls about taxpayer's refunds), and a reduction in IRS's level of service resulted in wait times of about 17 minutes;has processed almost 68 million returns, and electronic filing continues to increase; andexperienced problems, since resolved, that delayed refunds for about a week for mill...
2011 Tax Filing: Processing Gains, but Taxpayer Assistance Could Be Enhanced by More Self-Service Tools
GAO-12-176: Published: Dec 15, 2011. Publicly Released: Jan 17, 2012.
During the 2011 filing season the following occurred:Electronic filing (e-filing) increased to nearly 80 percent of the 140 million individual returns filed. The benefits of e-filing include that it is more accurate, faster, and less expensive for IRS than processing returns filed on paper.Due to the increase in e-filing, new systems, and IRS's performance in recent years, its refund timeliness me...
Taxpayer Privacy: A Guide for Screening and Assessing Proposals to Disclose Confidential Tax Information to Specific Parties for Specific Purposes
GAO-12-231SP: Published: Dec 14, 2011. Publicly Released: Jan 13, 2012.
The Internal Revenue Service (IRS) receives a great deal of personal information about individuals and businesses. While taxpayers are required to provide this information to IRS under penalty of fine or imprisonment, confidentiality of information reported to IRS is widely held to be a critical element of taxpayers willingness to provide information to IRS and comply with the tax laws. As a...