More Can Be Done to Ensure Federal Agencies File Accurate Information Returns

By General Accounting Office

Book Id: WPLBN0000190945
Format Type: PDF eBook:
File Size: 0.8 MB
Reproduction Date: 2005

Title:	More Can Be Done to Ensure Federal Agencies File Accurate Information Returns
Author:	General Accounting Office
Volume:
Language:	English
Subject:	Government publications, Accountability in government, United States. General Accounting Office
Collections:	Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic Publication Date:
Publisher:	United States General Accounting Office (Gao)


Citation APA MLA Chicago Accounting Office, B. G. (n.d.). More Can Be Done to Ensure Federal Agencies File Accurate Information Returns. Retrieved from https://www.gutenberg.us/

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: Federal agencies do not always adhere to information return reporting requirements. About $5 billion in payments to 152,000 payees made during 2000 and 2001 by agencies within three federal departments were not reported to IRS. About 8,800 of these payees had received $421 million in payments, yet had failed to file a tax return for these years. In addition, about $20 billion in payments that were reported to IRS on 170,000 information returns for 2000 and 2001 included invalid vendor TINs. This was due in part to the fact that few federal agencies use IRS?s TIN-matching program, as use of this program is optional.