Tax Administration: IRS' Administration of the International Boycott Tax Code Provisions

Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) administration of provisions requiring businesses to report their activities with countries participating in the Arab League's economic boycott of Israel, focusing on: (1) IRS audits of tax returns of businesses involved in trade with boycotting countries; (2) prosecutions for failing to file, filing late, or filing false returns; (3) IRS use of the Department of Commerce's boycott information in audits; (4) the timeliness of Department of the Treasury boycott reports; (5) tax benefits losses suffered by boycott participants; and (6) trends in reported boycott activities since 1976.