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 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 and published by Createspace Independent Publishing Platform. This book was released on 2017-12-24 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improper payments in the administration of refundable tax credits : hearing before the Subcommittee on Oversight of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Twelfth Congress, first session, May 25, 2011.
Download or read book Improper Payments in the Administration of Refundable Tax Credits written by United States House of Representatives and published by . This book was released on 2019-09-29 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improper payments in the administration of refundable tax credits: hearing before the Subcommittee on Oversight of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Twelfth Congress, first session, May 25, 2011.
Download or read book Improper Payments in the Administration of Refundable Tax Credits written by United States and published by . This book was released on 2011 with total page 111 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 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Crisis in Tax Administration written by Henry Aaron and published by Rowman & Littlefield. This book was released on 2004-05-20 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: People pay taxes for two reasons. On the positive side, most people recognize, even if grudgingly, that payment of tax is a duty of citizenship. On the negative side, they know that the law requires payment, that evasion is a crime, and that willful failure to pay taxes is punishable by fines or imprisonment. The practical questions for tax administration are how to strengthen each of these motives to comply with the law. How much should be spent on enforcement and how should enforcement be organized to promote these objectives and achieve the best results per dollar spent? Over the last few years, the U.S. Congress has restricted spending on tax administration, forcing the Internal Revenue Service to curtail enforcement activities, at the same time, that the number of individual filers has increased, tax rules have become more complex, and more business have become multinational operations. But if too many cases of tax evasion go undetected and unpunished, those who may have grudgingly paid their taxes may soon find it easier to join the scofflaws. These events in combination have created a genuine crisis in tax administration. The chapters in this volume evaluate the capacity of authorities to enforce the tax laws in a modern, global economy and examine the implications of failing to do so. Specific aspects of tax law, including tax shelters, issues relating to small businesses, tax software, role of tax preparers, and the objectives of tax simplification are examined in detail. The volume also builds a conceptual basis for future scholarship, with regard not only to tax administration, but also to such fundamental questions as whether taxpayers respond mostly to economic incentives or are influenced by their experiences with the filing process and what is the proper framework for evaluating the allocation of resources within the IRS.
Download or read book Unequal Burdens in EITC Compliance written by Karie Davis-Nozemack and published by . This book was released on 2015 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lower income means harsher treatment from the government for taxpayers who claim the Earned Income Tax Credit (EITC). EITC claimants are audited more often than any taxpayers other than the very wealthy. More concerning, however, is that the IRS audits EITC claimants by correspondence examination in a manner that unduly burdens access to this refundable tax credit, a credit that often keeps lower income workers out of poverty. Improper payment law brings increased scrutiny to federal programs that issue erroneous payments. Because the EITC is alleged to have substantial improper payments, it is subject to federal improper payment law, which adds administrative process and burdens in hopes of diminishing erroneous payments. While other scholars have noted the relationship between improper payment law and the EITC, this article takes the unique view that improper payment law, instead of burdening EITC administration, could provide relief to the Service's onerous EITC compliance methods.
Download or read book The Earned Income Tax Credit Eitc written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2015-01-22 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers earning relatively low wages. Since the credit is refundable, an EITC recipient need not owe taxes to receive the benefit. Hence, many low-income workers, especially those with children, can receive significant financial assistance from this tax provision. Studies indicate that a relatively high proportion of EITC payments are issued incorrectly. The IRS estimates that in FY2013, 22% to 26% of EITC payments-between $13.3 billion and $15.6 billion-were issued improperly. These improper payments can be overpayments or underpayments. The IRS's most recent study (released in 2014) of the factors that lead to EITC overclaims-the difference between the amount of EITC claimed by the taxpayer on his or her return and the amount the taxpayer should have claimed-concluded that there were three major reasons that tax filers claimed the wrong amount of the credit:
Download or read book Status of Fiscal Year 2010 Federal Improper Payments Reporting written by and published by DIANE Publishing. This book was released on with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Treasury Department s Improper Payment Reporting Needs Improvement written by Michael Fitzgerald and published by . This book was released on 2015-09-06 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the results of an audit of the Department of the Treasury's (Treasury) compliance with improper payment reporting requirements for FY 2014. The objective was to assess Treasury's overall compliance with requirements contained in the Improper Payments Elimination and Recovery Act of 2010 (IPERA), enacted to help Federal agencies strengthen the framework for reducing and reporting improper payments. The report also incorporates the results of the Treasury Inspector General for Tax Administration's (TIGTA) assessment of the Internal Revenue Service's (IRS) compliance with improper payment reporting requirements in FY 2014. This report determined that Treasury was not in compliance with IPERA for FY 2014 due to IRS's Earned Income Tax Credit (EITC) reporting deficiencies. It also found that Treasury's payment recapture audit reporting needs improvement. Figures. This is a print on demand report.
Download or read book Strategies to Management Improper Payments Learning From Public and Private Sector Organizations written by and published by . This book was released on 2001 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improper payments are a widespread and significant problem receiving increased attention not only in the federal government but also among states, foreign governments, and private sector companies. Improper payments include inadvertent errors, such as duplicate payments and miscalculations; payments for unsupported or inadequately supported claims; payments for services not rendered; payments to ineligible beneficiaries; and payments resulting from outright fraud and abuse by program participants and/or federal employees. In the federal government, for example, they occur in a variety of programs and activities, including those related to contractors and contract management; health care programs, such as Medicare and Medicaid; financial assistance benefits, such as Food Stamps and housing subsidies; and tax refunds. While in the private sector improper payments most often present an internal problem that threatens profitability, in the public sector they can translate into serving fewer recipients or represent wasteful spending or a higher relative tax burden that prompts questions and criticism from the Congress, the media, and the taxpayers. For federal programs with legislative or regulatory eligibility criteria, improper payments indicate that agencies are spending more than necessary to meet program goals. Conversely, for programs with fixed funds, any waste of federal funds translates into serving fewer recipients or accomplishing less programmatically than could be expected.
Download or read book Your Federal Income Tax for Individuals written by United States. Internal Revenue Service and published by . This book was released on 1996 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Combined Statement of Receipts Outlays and Balances of the United States Government written by and published by . This book was released on 2003 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advance Earned Income Tax Credit written by United States. Internal Revenue Service and published by . This book was released on 1994 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Legislative and Oversight Activities of the Committee on Ways and Means During the Congress written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 2011 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Systems written by Joel Slemrod and published by MIT Press. This book was released on 2013-12-13 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: An approach to taxation that goes beyond an emphasis on tax rates to consider such aspects as administration, compliance, and remittance. Despite its theoretical elegance, the standard optimal tax model has significant limitations. In this book, Joel Slemrod and Christian Gillitzer argue that tax analysis must move beyond the emphasis on optimal tax rates and bases to consider such aspects of taxation as administration, compliance, and remittance. Slemrod and Gillitzer explore what they term a tax-systems approach, which takes tax evasion seriously; revisits the issue of remittance, or who writes the check to cover tax liability (employer or employee, retailer or consumer); incorporates administrative and compliance costs; recognizes a range of behavioral responses to tax rates; considers nonstandard instruments, including tax base breadth and enforcement effort; and acknowledges that tighter enforcement is sometimes a more socially desirable way to raise revenue than an increase in statutory tax rates. Policy makers, Slemrod and Gillitzer argue, would be well advised to recognize the interrelationship of tax rates, bases, enforcement, and administration, and acknowledge that tax policy is really tax-systems policy.
