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:
Business enterprises > Taxation > United States.
Partnership > Taxation > United States.
Subchapter S corporations > Taxation > Law and legislation > United States.
Income tax > Law and legislation > United States.
Entreprises > Impôts > États-Unis.
LAW > Military.
Business enterprises > Taxation.
Income tax > Law and legislation.
Partnership > Taxation.
United States.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • PARTNERSHIPS AND S CORPORATIONS: MISREPORTING INCOME AND TAX COMPLIANCE ISSUES
  • PARTNERSHIPS AND S CORPORATIONS: MISREPORTING INCOME AND TAX COMPLIANCE ISSUES
  • Library of Congress Cataloging-in-Publication Data
  • CONTENTS
  • PREFACE
  • Chapter 1: PARTNERSHIPS AND S CORPORATIONS: IRS NEEDS TO IMPROVE INFORMATION TO ADDRESS TAX NONCOMPLIANCE
  • WHY GAO DID THIS STUDY
  • WHAT GAO RECOMMENDS
  • WHAT GAO FOUND
  • ABBREVIATIONS
  • BACKGROUND
  • DUE TO UNDETECTED MISREPORTING, INCOMPLETE COMPLIANCE DATA, AND DOUBLE COUNTING OF INCOME WITHIN NETWORKS, THE FULL EXTENT OF PARTNERSHIP AND S CORPORATION INCOME MISREPORTING IS UNKNOWNIRS IDENTIFIED A RELATIVELY SMALL PERCENTAGE OF ESTIMATED MISREPORTED INCOME THROUGH EXAMINATIONS AND K-1MATCHING AND LACKS RELIABLE INFORMATION ON EXAMINATION RESULTS
  • OPTIONS FOR IRS TO IMPROVE IDENTIFICATION OF PARTNERSHIPS AND S CORPORATIONS TO CONSIDER EXAMINING INVOLVE CHALLENGES, SOME OF WHICH COULD BE MITIGATED
  • CONCLUSION
  • MATTER FOR CONGRESSIONAL CONSIDERATION
  • RECOMMENDATIONS FOR EXECUTIVE ACTIONAGENCY COMMENTS AND OUR EVALUATION
  • APPENDIX I. OBJECTIVES, SCOPE, AND METHODOLOGY
  • APPENDIX II. MULTITIERED NETWORKS OF PARTNERSHIPS AND S CORPORATIONS
  • APPENDIX III. ADDITIONAL INFORMATION ABOUT MISREPORTING
  • APPENDIX IV. ADDITIONAL INFORMATION ABOUTK-1MATCHING
  • Chapter 2: WHO EARNS PASS-THROUGH BUSINESS INCOME? AN ANALYSIS OF INDIVIDUAL TAX RETURN DATA
  • SUMMARY
  • INTRODUCTION
  • PROPOSED AND SCHEDULED TAX CHANGES
  • WHO EARNS PASS-THROUGH BUSINESS INCOME?
  • WHO WOULD BEAR THE TAX BURDEN?
  • POLICY CONCERNS AND OPTIONSCONCLUSION
  • APPENDIX. DETAILED DISTRIBUTIONS
  • INDEX

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