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Data Quality: IRS' Actions To Improve the Accuracy of Non-Wage Income Data Are Vital

IMTEC-86-17 Published: Apr 21, 1986. Publicly Released: Apr 21, 1986.
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Highlights

Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) Information Returns Program (IRP) which monitors the accuracy of interest and dividend information that banks and other payers submit on computer tapes and disks.

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Tax Policy and Administration
Banking lawData integrityPersonal income taxesReporting requirementsTax nonpaymentUnderpaymentsVoluntary complianceTaxpayersData errorsDividends