Download or read book Tax Administration Collecting Federal Debts by Offsetting Tax Refunds written by United States. General Accounting Office and published by . This book was released on 1987 with total page 24 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 2009-11 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of fed. taxpayers receive billions of dollars in income tax refunds every year. Many of these refunds are paid to taxpayers who owe money to the fed. gov¿t. or to their state or local gov¿t. The law allows certain types of debts to be collected through offsets of fed. income tax refunds before payments are issued to taxpayers -- in calendar year 2008, over $5 billion was deducted from income tax refunds and used instead to pay other fed. agency non-tax debt, state income tax debt, and overdue child support payments. This report describes: (1) recent proposals to expand the refund offset program; and (2) challenges and design issues that would need to be addressed in the event of program expansion. Charts and tables.
Download or read book The Government Can Collect Many Delinquent Debts by Keeping Federal Tax Refunds as Offsets written by United States. General Accounting Office and published by . This book was released on 1979 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use of Tax Refund Offsets to Collect Nontax Federal Debts written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1986 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Administration written by and published by . This book was released on 1987 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Administration Collecting Federal Debts by Offsetting Tax Refunds written by United States. General Accounting Office and published by . This book was released on 1987 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Refund Offset Program for Delinquent Student Loans and Child Support Payments written by United States. Congress. Senate. Committee on Finance. Subcommittee on Oversight of the Internal Revenue Service and published by . This book was released on 1984 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Government Can Collect Many Delinquent Debts by Keeping Federal Tax Refunds as Offsets written by United States. General Accounting Office and published by . This book was released on 1979 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What is the Federal Government Doing to Collect the Billions of Dollars in Delinquent Debts it is Owed written by United States. Congress. House. Committee on Government Reform. Subcommittee on Government Management, Information, and Technology and published by . This book was released on 2000 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Government Can Collect Many Delinquent Debts by Keeping Federal Tax Refunds As Offsets written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-27 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government Can Collect Many Delinquent Debts by Keeping Federal Tax Refunds as Offsets
Download or read book Tax Debt Collection Issues written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1997 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Collection Process income Tax Accounts written by United States. Internal Revenue Service and published by . This book was released on 1978 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Yet Another Way the Federal Government Loots Its Citizens written by Joseph Jr Covino and published by . This book was released on 2010-07 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Government Debt Collection written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Overview of the Treasury Offset and Federal Payment Levy Programs Summary One of the numerous functions performed by the Financial Management Service (FMS) at the Treasury Department is the collection of delinquent tax and non-tax debt owed to a variety of state governments and federal agencies. [...] Among the offsets included in the bill is an amendment of IRC Section 6331(h)(2) that would allow the FMS to apply a continuous levy to federal payments to vendors that sell or rent property to the federal government and are delinquent in the payment of their federal taxes. [...] Before the passage of TRA97, the IRS lacked the authority to create an automated process for identifying taxpayers with delinquent tax debt who receive federal payments and levying those payments.2 The FPLP facilitates the collection of overdue federal taxes by imposing a continuous levy on designated federal payments disbursed by the FMS to business and individual taxpayers holding delinquent tax [...] Whenever a payment is levied, the FMS sends a letter to the taxpayer explaining which payment was reduced and by how much, and advising the taxpayer to contact the IRS to resolve the matter. [...] The Internal Revenue Service Restructuring and Reform Act of 1998 enlarged the scope of the TOP when it authorized the collection of state tax debt through the offset of federal income tax refunds.
Download or read book Action Transmittal written by United States. Office of Child Support Enforcement and published by . This book was released on with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use of Tax Refund Offsets to Collect Nontax Federal Debts written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1986 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to Manage Value Added Tax Refunds written by Mario Pessoa and published by International Monetary Fund. This book was released on 2021-05-10 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.
