TITLE

TAX GAP: Actions Needed to Address Noncompliance with S Corporation Tax Rules

AUTHOR(S)
Brostek, Michael
PUB. DATE
January 2010
SOURCE
GAO Reports;1/14/2010, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article presents a study by the U.S. Government Accountability Office (GAO) which aims to identify the factors which lead businesses to convert to S corporations. It also notes that the research also intends to investigate the types of S corporation noncompliance, and the extent of shareholder compensation noncompliance. Moreover, it notes the suggestions by the GAO on the need for the Internal Revenue Service (IRS) to improve the competency of professional tax preparers.
ACCESSION #
47850654

 

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