Some Dod Contractors Abuse the Federal Tax System with Little Consequence

By General Accounting Office

Book Id: WPLBN0000008564
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005

Title:	Some Dod Contractors Abuse the Federal Tax System with Little Consequence
Author:	General Accounting Office
Volume:
Language:	English
Subject:	Government publications, Accountability in government, United States. General Accounting Office
Collections:	Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic Publication Date:
Publisher:	United States General Accounting Office (Gao)


Citation APA MLA Chicago Office, G. A. (n.d.). Some Dod Contractors Abuse the Federal Tax System with Little Consequence. Retrieved from https://self.gutenberg.org/

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: DOD and IRS records showed that over 27,000 contractors owed about $3 billion in unpaid taxes as of September 30, 2002. DOD has not fully implemented provisions of the Debt Collection Improvement Act of 1996 that would assist IRS in levying up to 15 percent of each contract payment to offset a DOD contractor?s federal tax debt. We estimate that DOD could have collected at least $100 million in fiscal year 2002 had it and IRS fully utilized the levy process authorized by the Taxpayer Relief Act of 1997. As of September 2003, DOD had collected only about $687,000 in part because DOD provides contractor payment information from only 1 of its 16 payment systems to TOP. DOD had no formal plans at the completion of our work to provide payment information from its other 15 payment systems to TOP.