INTERNAL REVENUE SERVICE: Status of GAO Financial Audit and Related Financial Management Report Recommendations

Sebastian, Steven J.
June 2009
GAO Reports;6/25/2009, preceding p1
Government Document
The article presents a report as prepared by the U.S. Government Accountability Office (GAO) in relation to the financial audit undertaken by it for the Department of Internal Revenue Service (IRS). As reported, GAO identified a number of weaknesses in IRS's financial management operations. It has also stated that IRS has a demanding responsibility in its role as the nation's tax collector but it still faces financial management challenges.


Related Articles

  • TAX DEBT COLLECTION: IRS Could Improve Future Studies by Establishing Appropriate Guidance. Brostek, Michael // GAO Reports;10/26/2010, preceding p1 

    The article presents the study of U.S. Government Accountability Office (GAO) regarding the private debt collection (PDC) program for using private collection agencies (PCA). It states that the Internal Revenue Service (IRS) has started PDC and PCA to help collect some unpaid tax debts. It also...

  • IRS Needs to Better Manage the Collection Notices Sent to Individuals. Brostek, Michael // GAO Reports;10/30/2009, preceding p1 

    The article presents a study on the management of tax collection by the U.S. Internal Revenue Service (IRS), conducted by the U.S. Government Accountability Office (GAO). The research suggests that there is a need for IRS to better management tax collection notices sent to individuals. The study...

  • IRS's Fiscal Years 2009 and 2008 Financial Statements. Sebastian, Steven J. // GAO Reports;11/10/2009, preceding p1 

    The article reports on the study conducted by U.S. Government Accountability Office GAO to the collections of Internal Revenue Services (IRS). It notes that IRS has faced challenges on the financial deficiencies that will affect its ability to produce dependable financial statements. Moreover,...

  • What GAO Found.  // GAO Reports;11/9/2012, preceding p1 

    The article discusses the financial audit report of the U.S. Government Accountability Office on the fiscal years 2012 and 2011 financial statements of the Internal Revenue Service (IRS). It reports that it found the IRS deficient in certain areas which include ineffective internal control over...

  • Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls. Koskinen, John A. // GAO Reports;7/ 2/2014, p1 

    The article presents a report issued by the U.S. Government Accountability Office (GAO) on the need of improvement to enhance the U.S. Internal Revenue Service's (IRS) internal controls. Topics discussed include results of the IRS's financial statements for 2013 and 2012, recommendations to...

  • Potential for Using Passport Issuance to Increase Collection of Unpaid Taxes.  // GAO Reports;4/11/2011, preceding p1 

    The article presents case studies by the U.S. Government Accountability Office (GAO) examining the linkage between passport issuance and federal tax debt collection. GAO audited 25 passport recipients and found out that they failed to file tax returns but still listed in the Internal Revue...

  • FEDERAL TAX DEBTS: Factors for Considering a Proposal to Report Tax Debts to Credit Bureaus. White, James R. // GAO Reports;10/10/2012, preceding pi 

    The article presents information on the report based on federal tax debts related to the consideration of proposal to the Credit Bureaus in the U.S. from the U.S. Government Accountability Office. It mentions the classification of uncollectible amount of 110 billion U.S. dollars by the U.S....

  • IRS Watch. Dolan, Michael P. // Journal of Tax Practice & Procedure;Aug/Sep2014, Vol. 16 Issue 4, p9 

    The article discusses the critique of the U.S. General Accountability Office (GAO) on the flow-through compliance of S corporations and partnerships. Topics covered include the misreporting of flow-through information, how the Internal Revenue Service (IRS) identified partnerships as an area...

  • Automated Collection System Lacks Key Internal Controls Needed to Ensure the Program Fulfills Its Mission. McTigue Jr., James R. // GAO Reports;9/10/2015, preceding pi 

    The article discusses a report by the U.S. Government Accountability Office (GAO) regarding lack of internal controls in automated collection system (ACS) of the U.S. Internal Revenue Service (IRS) for ensuring fulfillment of the system's aim. Topics discussed include automated process of ACS in...


Read the Article

Other Topics