Over $400 million in non-tax receivables was written off by the Government in fiscal 1978, and that amount is increasing. A considerable portion of those non-tax accounts could be collected by reducing future income tax refunds due the debtors. Such an offset procedure would be resorted to only after traditional collection efforts have failed. IRS' present collection system could be adapted to match refunds with delinquent debts so that the debtor's refund would be retained to cover the debt. This report demonstrates the feasibility of this process and examines the reservations expressed by IRS regarding GAO's proposal.
The Government Can Collect Many Delinquent Debts By Keeping Federal Tax Refunds as Offsets
1979
29 pages
Report
Keine Angabe
Englisch
Public Administration & Government , Domestic Commerce, Marketing, & Economics , Income taxes , National government , Government policies , Revenue , Operating costs , Fiscal policies , Accounting , Law(Jurisprudence) , Auditing , Financial management , Legislation , Methodology , Taxes , Default debtors , Internal Revenue Service , Administrative change
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