Financial Management

Financial Management
Author: United States. General Accounting Office
Publisher:
Total Pages: 80
Release: 2004
Genre: Defense contracts
ISBN:

Financial Management

Financial Management
Author: Gregory D. Kutz
Publisher: DIANE Publishing
Total Pages: 122
Release: 2004-05
Genre: Business & Economics
ISBN: 9780756741013

This report determines: (1) the magnitude of unpaid federal taxes owed by U.S. Dept. of Defense (DoD) contractors; (2) whether indications exist of abuse or criminal activity by DoD contractors related to the federal tax system; (3) whether DoD and the Internal Revenue Service (IRS) have effective processes and controls in place to use the Treasury Offset Program (TOP) in collecting unpaid federal taxes from DoD contractors; and (4) whether DoD contractors with unpaid federal taxes are prohibited by law from receiving contracts from the federal government. Includes testimony by Gregory D. Kutz and Steven J. Sebastians, Dir., Financial Mgmt. and Assurance, and John J. Ryan, Assist. Dir., Office of Special Investigations, GAO. Charts and tables.

Financial Management

Financial Management
Author: Gregory D. Kutz (au)
Publisher: DIANE Publishing
Total Pages: 120
Release: 2005-11
Genre:
ISBN: 9781422302415

Tax abuses by contractors working for the Dept. of Defense (DoD) have led to concerns about similar abuses by those hired by civilian agencies. Do similar problems exist at civilian agencies? This report: (1) quantifies the amount of unpaid fed. taxes owed by civilian agency contractors paid through the Financial Management Service; (2) identifies any statutory or policy impediments & control weaknesses that impede tax collections under the Federal Payment Levy Program; & (3) determines whether there are indications of abusive or potential criminal activity by contractors with unpaid tax debts. Includes 18 recommendations. Also includes testimony by various employees of the GAO. Charts & tables.