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Partnerships and S corporations : misreporting income and tax compliance /

Since 1980, partnerships' and S corporations' share of business receipts increased greatly. These entities generally do not pay income taxes. Instead, income or losses (hundreds of billions of dollars annually) flow through to partners and shareholders to include on their income tax return...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Preston, Keith (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Nova Science Publishers, Inc., [2014]
Colección:Business issues, competition and entrepreneurship series.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:Since 1980, partnerships' and S corporations' share of business receipts increased greatly. These entities generally do not pay income taxes. Instead, income or losses (hundreds of billions of dollars annually) flow through to partners and shareholders to include on their income tax returns. GAO has previously reported that the misreporting of income by partners and shareholders poses a tax compliance risk. This book describes what is known about misreporting of flow-through income; assesses how much misreporting IRS identifies; and analyzes possible improvements in IRS's use of data to better.
Notas:Includes index.
Descripción Física:1 online resource
ISBN:9781634631556
1634631552