Fictitious Tax Deposit Claims Plague IRS
GGD-81-45
Published: Apr 28, 1981. Publicly Released: Apr 28, 1981.
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Highlights
As a result of the current interest in cash management and the timely collection of tax revenues, GAO undertook a review of the procedures used by the Internal Revenue Service (IRS) to collect withheld taxes from employers who do not deposit the taxes, yet claim on their tax return that they made the deposits.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Internal Revenue Service | The Commissioner of the Internal Revenue Service should pursue the enactment of a civil penalty--possibly as much as 25 percent of the fictitious deposits--on employers who claim fictitious deposits on their employment tax returns. |
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Topics
Bank depositsCollection proceduresDelinquent taxesFederal taxesFinancial managementPrivate sectorTax administrationTax nonpaymentTax violationsWhite collar crime