IRS Lockbox Banks

IRS Lockbox Banks
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Total Pages: 82
Release: 2017-10-21
Genre:
ISBN: 9781978456556

IRS Lockbox Banks: More Effective Oversight, Stronger Controls, and Further Study of Costs and Benefits are Needed

Internal Revenue Service

Internal Revenue Service
Author: Steven J. Sebastian (au)
Publisher: DIANE Publishing
Total Pages: 84
Release: 2005-09
Genre:
ISBN: 9781422301142

In its role as the nation's tax collector, the IRS has a demanding responsibility for collecting taxes, processing tax returns, & enforcing the nation's tax laws. Since the first audit of IRS's financial statements in FY 1992, a number of weaknesses in IRS's financial management operations have been identified. In related reports, corrective action has been recommended to address those weaknesses. Each year, as part of the annual audit of IRS's financial statements, recommendations have been made to address any new weaknesses identified, but also follows up on the status of weaknesses identified in previous years' audits. This report tracks the status of audit recommendations & actions needed to fully address them.

Financial Audit

Financial Audit
Author: United States. Internal Revenue Service
Publisher:
Total Pages: 176
Release: 2003
Genre: Internal revenue
ISBN:

Financial Audit

Financial Audit
Author: David M. Walker
Publisher: DIANE Publishing
Total Pages: 156
Release: 2004-03
Genre: Business & Economics
ISBN: 9780756730215

Internal Revenue Service (IRS) collections are significant in relation to federal receipts &, in turn, to the consolidated financial statements of the U.S. government. Therefore, the U.S. Congress is very interested in financial management at IRS. The General Accounting Office (GAO) audits IRS's financial statements annually to determine whether: (1) the financial statements IRS prepares are reliable, (2) IRS management maintained effective internal controls, and (3) IRS complies with selected provisions of significant laws and regulations and its financial systems comply with the Federal Financial Management Improvement Act of 1996 (FFMIA). Charts and tables.

High-risk Series

High-risk Series
Author: United States. Government Accountability Office
Publisher:
Total Pages: 104
Release: 2005
Genre: Administrative agencies
ISBN:

Budget Issues

Budget Issues
Author: Susan J. Irving
Publisher: DIANE Publishing
Total Pages: 47
Release: 2010-03
Genre: Political Science
ISBN: 143792607X

The Dept. of the Treasury's Financial Management Service (FMS) collections program provides services to agencies to collect, deposit, and account for collections through a variety of methods. Electronic collection methods can reduce government borrowing costs and agency administrative costs, while improving compliance and security. This report identified: (1) the extent to which agencies other than the IRS use various collection methods; (2) ways to maximize the benefits of and overcome any barriers to agency use of the various collection methods; and (3) issues that FMS should consider in its plans to improve the efficiency and security of collections. The report also interviewed selected payer groups for case study agencies. Illustrations.