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- Author: Government Accountability Office
- Publisher: CreateSpace Independent Publishing Platform
- Year: 2014
- Pages: 42
- ISBN-10: 1503171000
- ISBN-13: 9781503171008
- Format: 21.6 x 28 x 0.2 cm, minkšti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
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Description
Third-party information reporting dramatically increases the accuracy of tax returns. Third parties-employers, banks, and others-report wages, interest, and other information to both taxpayers and IRS.6 An IRS study of individual tax compliance found that in tax year 2006, taxpayers accurately reported over 90 percent of income with substantial information reporting requirements, such as interest and dividend income. In contrast, the same study found taxpayers accurately reported only 44 percent of income subject to little or no information reporting, such as nonfarm sole proprietor income
EXTRA 10 % discount with code: EXTRA
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- Author: Government Accountability Office
- Publisher: CreateSpace Independent Publishing Platform
- Year: 2014
- Pages: 42
- ISBN-10: 1503171000
- ISBN-13: 9781503171008
- Format: 21.6 x 28 x 0.2 cm, minkšti viršeliai
- Language: English English
Third-party information reporting dramatically increases the accuracy of tax returns. Third parties-employers, banks, and others-report wages, interest, and other information to both taxpayers and IRS.6 An IRS study of individual tax compliance found that in tax year 2006, taxpayers accurately reported over 90 percent of income with substantial information reporting requirements, such as interest and dividend income. In contrast, the same study found taxpayers accurately reported only 44 percent of income subject to little or no information reporting, such as nonfarm sole proprietor income
Reviews