Taxes (41 - 50 of 64 items)
Tax Policy and Administration: Improvements for More Effective Tax-Exempt Bond Oversight
GGD-93-104: Published: May 10, 1993. Publicly Released: May 28, 1993.
Pursuant to a congressional request, GAO reviewed: (1) the Internal Revenue Service's (IRS) role in ensuring compliance with tax-exempt bond provisions; and (2) policy changes that could enhance IRS ability to increase compliance with these provisions.GAO found that: (1) IRS tax-exempt bond oversight relies on traditional enforcement activities such as voluntary compliance, review board regulation...
Tax Policy: Implications of Replacing the Corporate Income Tax With a Consumption Tax
GGD-93-55: Published: May 11, 1993. Publicly Released: May 11, 1993.
Pursuant to a congressional request, GAO evaluated the effects of replacing the corporate income tax with a broad-based consumption tax, focusing on the effects of the proposed uniform business tax (UBT) on: (1) economic efficiency and equity; (2) tax administration costs; and (3) tax compliance costs.GAO found that: (1) replacing the corporate income and payroll tax with UBT would raise labor inc...
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 Policy and Administration: 1992 Annual Report on GAO's Tax-Related Work
GGD-93-68: Published: Mar 31, 1993. Publicly Released: Mar 31, 1993.
Pursuant to a legislative requirement, GAO provided information on tax policy and administration during fiscal year (FY) 1992, including: (1) actions federal agencies took in response to its recommendations as of December 31, 1992; (2) recommendations made to Congress before and during FY 1992 that remain open; and (3) assignments for which GAO received authorized access to tax information.GAO not...
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: 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...
IRS Needs to Implement a Corporate Document Matching Program
T-GGD-91-40: Published: Jun 10, 1991. Publicly Released: Jun 10, 1991.
GAO discussed the feasibility of the Internal Revenue Service (IRS) instituting a document matching program for investment-type income earned by corporations, focusing on: (1) the benefits and costs of such a program; (2) administrative issues; and (3) potential burdens on businesses that file information returns. GAO noted that: (1) IRS data showed that corporate compliance with the tax laws sign...
IRS' Efforts to Ensure Corporate Tax Compliance
T-GGD-91-21: Published: Apr 17, 1991. Publicly Released: Apr 17, 1991.
GAO discussed the Internal Revenue Service's (IRS) Coordinated Examination Program (CEP) to audit large corporations. GAO noted that: (1) between 1982 and 1992, the corporate tax gap will have grown over 3 times faster than the individual tax gap; (2) small corporations voluntarily paid 61 percent of the tax they owed in 1987, compared to 82 percent in 1980; (3) reasons for the decline in complian...
IRS' Compliance Programs to Reduce the Tax Gap
T-GGD-91-11: Published: Mar 13, 1991. Publicly Released: Mar 13, 1991.
GAO discussed Internal Revenue Service (IRS) compliance programs to reduce the tax gap. GAO noted that: (1) in 1988, IRS estimated the gross tax gap to be $84.9 billion for 1987 and projected that it would reach $113.7 billion by 1992; (2) IRS estimated that nonfilers accounted for $7 billion and underreporters accounted for $48 billion of the 1987 tax gap; (3) IRS could improve its use of informa...
Tax Policy: Status of IRS' Studies of the Refund Offset Program
GGD-89-60: Published: Apr 25, 1989. Publicly Released: Apr 25, 1989.
Pursuant to a legislative requirement, GAO studied the effects of the Internal Revenue Service's (IRS) Refund Offset Program on voluntary tax compliance, focusing on: (1) IRS improvements to its methodology; and (2) ways to make future studies more precise.GAO found that: (1) IRS improved its studies of the effects of offsetting refunds on taxpayer compliance by incorporating previous filing behav...