Taxpayers (51 - 60 of 725 items)
Tax Policy: Economic Benefits of Income Exclusion for U.S. Citizens Working Abroad Are Uncertain
GAO-14-387: Published: May 20, 2014. Publicly Released: May 20, 2014.
For tax year 2011 (the most recent data available), an estimated 445,000 tax returns claimed the foreign earned income exclusion (FEIE), which is 0.3 percent of all individual tax returns filed. About 17 percent of FEIE filers also claimed the foreign housing exclusion or deduction. Over half of FEIE filers reported working for a foreign employer, and less than one-third reported working for a U.S...
Internal Revenue Service: Absorbing Budget Cuts Has Resulted in Significant Staffing Declines and Uneven Performance
GAO-14-534R: Published: Apr 21, 2014. Publicly Released: Apr 21, 2014.
IRS’s appropriations have declined to below fiscal year 2009 levels and FTEs have been reduced by about 8,000 since fiscal year 2009. Planned performance in enforcement and taxpayer service has decreased or fluctuated; for example, in the fiscal year 2014 congressional justification the audit coverage target for individual examinations was 1.0 percent for fiscal year 2014, however, the target wa...
Large Partnerships: Characteristics of Population and IRS Audits
GAO-14-379R: Published: Mar 19, 2014. Publicly Released: Apr 17, 2014.
This report provides data on the number and characteristics of large partnerships as well as Internal Revenue Service (IRS) audits of large partnership returns. For purposes of this report, GAO did not identify a statutory, IRS, or industry-accepted definition of a large partnership. Instead, GAO used a combination of criteria for partner size and asset size used by IRS to define large partnership...
Information Security: IRS Needs to Address Control Weaknesses That Place Financial and Taxpayer Data at Risk
GAO-14-405: Published: Apr 8, 2014. Publicly Released: Apr 8, 2014.
The Internal Revenue Service (IRS) continued to make progress in addressing information security control weaknesses and improving its internal control over financial reporting; however, weaknesses remain that could affect the confidentiality, integrity, and availability of financial and sensitive taxpayer data. During fiscal year 2013, IRS management devoted attention and resources to addressing i...
Paid Tax Return Preparers: In a Limited Study, Preparers Made Significant Errors
GAO-14-467T: Published: Apr 8, 2014. Publicly Released: Apr 8, 2014.
The Internal Revenue Service's (IRS) authority to regulate the practice of representatives before IRS is limited to certain preparers, such as attorneys and certified public accountants. Unenrolled preparers—those generally not subject to IRS regulation—accounted for 55 percent of all preparers as of March 2014. In 2010, IRS initiated steps to regulate unenrolled preparers through testing and...
Puerto Rico: Information on How Statehood Would Potentially Affect Selected Federal Programs and Revenue Sources
GAO-14-31: Published: Mar 4, 2014. Publicly Released: Mar 31, 2014.
Of the 29 federal programs GAO reviewed (which accounted for about 86 percent of federal program spending for states or their residents in fiscal year 2010), statehood would likely affect 11 programs. For 3 other programs, while the programs themselves would likely not change under statehood, eligibility determinations for these programs could be affected indirectly by changes that could occur to...
IRS's Offshore Voluntary Disclosure Program: 2009 Participation by State and Location of Foreign Bank Accounts
GAO-14-265R: Published: Jan 6, 2014. Publicly Released: Feb 19, 2014.
We reported the number of 2008 tax returns by state for IRS's 2009 Offshore Voluntary Disclosure Program (OVDP) participants. OVPD offered incentives for taxpayers to disclose their offshore accounts and pay delinquent taxes, interest and penalties. Generally, the program offered somewhat reduced penalties and no risk of criminal prosecution, if eligible taxpayers fully disclosed their previously...
2013 Tax Filing Season: IRS Needs to Do More to Address the Growing Imbalance between the Demand for Services and Resources
GAO-14-133: Published: Dec 18, 2013. Publicly Released: Dec 18, 2013.
Despite efficiency gains from processing more tax returns electronically, adding website services, and shifting resources from enforcement, the Internal Revenue Service (IRS) was unable to keep up with demand for telephone and correspondence services. Access to IRS's telephone assistors remained at 68 percent from 2012. The percentage of overage paper correspondence (over 45 days old) increased to...
Financial Audit: IRS's Fiscal Years 2013 and 2012 Financial Statements
GAO-14-169: Published: Dec 12, 2013. Publicly Released: Dec 12, 2013.
In GAOs opinion, the Internal Revenue Services (IRS) fiscal years 2013 and 2012 financial statements are fairly presented in all material respects. However, in GAOs opinion, IRS did not maintain effective internal control over financial reporting as of September 30, 2013, because of a continuing material weakness in internal control over unpaid tax assessments. GAOs tests o...
Fiscal Year 2013 Agreed-Upon Procedures: Excise Tax Distributions to the Airport and Airway Trust Fund and the Highway Trust Fund
GAO-14-162R: Published: Dec 9, 2013. Publicly Released: Dec 9, 2013.
GAO performed the procedures contained in the enclosures to this report, which it agreed to perform solely to assist the Department of Transportation's Inspector General in ascertaining whether the net excise tax revenue distributed to the Airport and Airway Trust Fund (AATF) and the Highway Trust Fund (HTF) for the fiscal year ended September 30, 2013, is supported by the underlying records. GAO...