Posts tagged ‘irs’
New Government Report: Options for Changing the Tax Treatment of Charitable Giving
Options for Changing the Tax Treatment of Charitable Giving
by Athipat Muthitacharoen
Paperback, 38 pages, 2011, $20.00
ISBN: 1437986648
The deductibility of charitable donations has been a feature of the U.S. individual income tax almost as long as the modern income tax has been in existence. Nevertheless, concerns about the cost, equity, and efficiency of the deduction have prompted many proposals to change the tax treatment of charitable contributions. This report examines patterns of individual charitable giving and analyzes how options for changing the tax treatment of such giving might affect the overall level of donations, the costs to the federal government, and the distribution of tax benefits by income group. Tables and figures. This is a print on demand edition of an important, hard-to-find publication.
New Government Report: Taxes and Identity Theft Status of IRS Initiatives to Help Victimized Taxpayers
by James R. White
Paperback, 17 pages, 2011, $20.00
ISBN: 1437986501
Identity theft (IT) is a serious and growing problem in the U.S. Taxpayers are harmed when identity thieves file fraudulent tax documents using stolen names and Social Security numbers. In 2010, the IRS identified 245,000+ IT incidents that affected the tax system. The hundreds of thousands of taxpayers with tax problems caused by IT represent a small percentage of the 140 million individual returns filed, but for those affected, the problems can be quite serious. This report describes: (1) when IRS detects IT based refund and employ. fraud; (2) the steps IRS has taken to resolve, detect, and prevent innocent taxpayers’ IT related problems; and (3) constraints that hinder IRS’s ability to address these issues. Illus. This is a print on demand report.
New Government Report: Federal Tax Collection
by Gregory D. Kutz
Paperback, 26 pages, 2011, $20.00
ISBN: 1437985645
According to the IRS, as of the end of FY 2010, the balance of reported unpaid federal taxes was about $330 billion. Given the many challenges that IRS faces, the enforcement of the tax laws and the tax code is on a list of high-risk areas. This report: (1) determined the magnitude of known unpaid federal taxes for individuals who were issued passports in FY 2008; and (2) identified examples of passport recipients who have known unpaid federal taxes. To identify examples for detailed audit and investigation, the report chose a non-representative selection of 25 passport recipients based on a number of factors, including the more egregious amount of federal taxes owed. Charts and tables. This is a print on demand report.