[Request for Opinion Concerning Applicability of Internal Revenue Code Provisions]
B-161457
Dec 05, 1983
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Highlights
The Assistant Secretary of the Department of the Treasury requested GAO to determine the applicability of Internal Revenue Code section 6611 interest payment provisions to overpayments of employment taxes by Federal agencies. GAO stated that section 6611 does not require interest payment under such circumstances since the funds are already in the hands of the Government.