TITLE

Limiting Sole Proprietor Loss Deductions Could Improve Compliance but Would Also Limit Some Legitimate Losses

AUTHOR(S)
White, James R.
PUB. DATE
October 2009
SOURCE
GAO Reports;10/13/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article focuses on a study by the U.S. Government Accountability Office (GAO) which describes the sole proprietor losses, examines the initiatives of the Internal Revenue Service (IRS) to address noncompliance and determines the options to limit noncompliant losses. In this study, IRS research databases, case files and examination results data are analyzed. IRS is recommended by GAO to estimate the extent of sole proprietor not-for-profit activity compliance.
ACCESSION #
45032952

 

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