Download or read book First Time Homebuyer Tax Credit written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-19 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: First-Time Homebuyer Tax Credit: Taxpayers' Use of the Credit and Implementation and Compliance Challenges
Download or read book First Time Homebuyer Tax Credit Taxpayers Use of the Credit and Implementation and Compliance Challenges written by James R. White and published by DIANE Publishing. This book was released on 2011 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Congress enacted the First-time Homebuyer Credit (FTHBC) to assist the struggling real estate market and encourage taxpayers to purchase their first home. The credit initially was enacted in 2008 and revised in 2009. The 2008 FTHBC provided taxpayers a credit of up to $7,500 that must be paid back over 15 years. In 2009, the maximum credit for the 2009 FTHBC was increased to $8,000, with no payback required unless the home ceases to be the taxpayer's principal residence within 3 years. This testimony describes: (1) the extent to which taxpayers are using the FTHBC, including breakouts by state and income; and (2) IRS's implementation and compliance challenges associated with both the 2008 and 2009 credits. Charts and tables.
Download or read book Administration of the First time Homebuyer Tax Credit written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 2011 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Administration written by James R. White and published by DIANE Publishing. This book was released on 2011 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Congress enacted the First-Time Homebuyer Credit (FTHBC) to assist the struggling real estate market and encourage taxpayers to purchase their first homes. Congress enacted different versions of the FTHBC -- as part of the Housing and Econ. Recovery Act of 2008; the Amer. Recovery and Reinvest. Act of 2009; and the Worker, Homeownership, and Bus. Assistance Act of 2009. The three FTHBC provisions combined may result in total revenue losses to the fed. gov¿t. of about $22 billion through 2019. This report identifies: (1) the number of FTHBC claims and dollar amounts claimed for each credit version by state; and (2) state rankings, using selected statistics, such as the total dollar amount of FTHBC claimed in each state. Charts and tables.
Download or read book Tax Gap written by Michael Brostek and published by DIANE Publishing. This book was released on 2012-10-18 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recovery Act written by Michael Brostek and published by DIANE Publishing. This book was released on 2010-08 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Recovery and Reinvestment Act of 2009 (Recovery Act) was enacted to bolster the struggling U.S. economy at an estimated cost of $787 billion, of which more than a third was in the form of tax relief to the public. This report: (1) describes the status of the Internal Revenue Service's (IRS) implementation of Recovery Act tax provisions; (2) examines whether IRS captured or planned to capture data on the use of the provisions; (3) assesses IRS's efforts to determine potential abuse of the provisions; and (4) discusses possible lessons learned for future tax administration. Charts and tables.
Download or read book 2009 Tax Filing Season IRS Met Many 2009 Goals but Telephone Access Remained Low and Taxpayer Service and Enforcement Could be Improved written by and published by DIANE Publishing. This book was released on with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recovery Act written by J. Christopher Mihm and published by DIANE Publishing. This book was released on 2010-11 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report responds to two ongoing mandates under the American Recovery and Reinvestment Act of 2009 (Recovery Act). It is the latest in a series of reports on the uses of and accountability for Recovery Act funds in 16 selected states, certain localities in those jurisdictions, and D.C. These jurisdictions are estimated to receive about two-thirds of the intergovernmental assistance available through the Recovery Act. This report also responds to a mandate to comment on the jobs estimated in recipient reports. The auditor collected and analyzed documents and interviewed state and local officials and other Recovery Act award recipients. He also analyzed federal agency guidance and spoke with individual federal officials. Illustrations.
Download or read book Opportunities to Reduce Potential Duplication in Government Programs Save Tax Dollars and Enhance Revenue written by and published by DIANE Publishing. This book was released on with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recovery Act written by Cornelia M. Ashby and published by DIANE Publishing. This book was released on 2011-05 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, one in a series on the uses of and accountability for Recovery Act (RA) funds in selected states and localities, comments on recipients' reports of the jobs created and retained. The RA provided $2.1 billion for Head Start and Early Head Start, primarily to expand services. This report addressed four questions: (1) How have Head Start and Early Head Start grantees used RA funds, including for expanding enrollment? (2) What challenges have grantees encountered in spending RA funds? (3) How has the Office of Head Start monitored the use of RA funds? (4) How has the quality of jobs data reported by RA recipients, particularly Head Start grantees, changed over time? Charts and tables. This is a print on demand publication.
Download or read book Recovery Act written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2011-04 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the latest in a series of reports on the uses of and accountability for Recovery Act funds in 16 selected states, certain localities in those jurisdictions, and the District of Columbia. These jurisdictions are estimated to receive about two-thirds of the intergovernmental assistance available through the Recovery Act. This report also responds to a mandate to comment on the jobs estimated in recipient reports. This report collected and analyzed documents and interviewed state and local officials and other Recovery Act award recipients. It also analyzed federal agency guidance and interviewed federal officials. Charts and tables. This is a print on demand edition of an important, hard-to-find report.
Download or read book Improper Payments in the Administration of Refundable Tax Credits Serial No 112 OS4 May 25 2011 112 1 Hearing written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 2012 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improper Payments in the Administration of Refundable Tax Credits written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 2011 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Law Inequality written by and published by . This book was released on 2012 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Services and General Government Appropriations for Fiscal Year 2012 written by United States. Congress. Senate. Committee on Appropriations. Subcommittee on Financial Services and General Government and published by . This book was released on 2012 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Science Technology and Taxation written by Robert F. van Brederode and published by Kluwer Law International B.V.. This book was released on 2012-08-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first comprehensive study of the interaction between technology and taxation approaches the subject along four main avenues: insight and analysis gained from empirical legal studies conducted in the area of taxation; methods for improving the control and management of the tax function in business; tax auditing through statistical sampling; and changes in the fiscal environment as a result of technological capabilities. Among the topics that arise are the following: what choices of sampling methodology exist; determination of both one-sided and two-sided confidence intervals; under what circumstances statistical sampling is acceptable as proof of underpayment and as a basis for penalties; the use of sampling agreements as a tool to improve taxpayers’ understanding of the process; complexities encountered by the introduction of technology in tax administration in developing countries; technological capability to detect economic activity in the informal sector; technological innovation as substitute for inadequate human capacity; improvements available to better monitor the movement and values of goods entering a country; safeguards to prevent unauthorized use of personal information; prioritizing resources to ensure that the key strategic objectives of the agency are being addressed; government defensive action and the threat to privacy; and capabilities and limitations of enterprise resource planning systems and tax engines. Although the author pays especially detailed attention to the technologies developed and used by the United States Internal Revenue Service, other notable systems developed by the European Union, Brazil, Mexico, and China are also examined. Various sampling methods and practices are illustrated with numerical examples. As tax systems acquire ever higher levels of integration, and because accuracy is crucial to the measurement of tax compliance, the perspectives opened and expertly analyzed by the author will prove of great importance. Practitioners, tax policymakers and administrators, tax standard setters, and tribunals dealing with disputes over tax administration and procedure, as well as academics and researchers, will instantly recognize the book’s great importance and practical value.
Download or read book Financial Audit written by Steven J. Sebastian and published by DIANE Publishing. This book was released on 2010-02 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because of the significance of Internal Revenue Service (IRS) collections to overall federal receipts and, in turn, to the consolidated financial statements of the U.S. government, for which an audit is required, and Congress¿s interest in financial management at IRS, an audit of IRS¿s financial statements is performed annually to determine whether: (1) the financial statements are fairly stated; and (2) IRS management maintained effective internal control over financial reporting. The auditor also tests IRS¿s compliance with selected provisions of significant laws and regulations and its financial systems¿ compliance with the Federal Financial Management Improvement Act of 1996 (FFMIA). Includes recommendations. Charts and tables.
