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Tax Administration: Computer Matching Could Identify Overstated Business Deductions

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Report Type Reports and Testimonies
Report Date Aug. 13, 1993
Report No. GGD-93-133
Subject
Summary:

The Internal Revenue Service (IRS) can reap substantial benefits by instituting computer matching for the more than 1 billion information returns that businesses file each year. Matching involves comparing expenses, or payments, that businesses deduct on their tax returns with the same expenses they report in information returns, such as wages on Form W-2. Currently, IRS audits very few businesses, allowing billions of dollars in overstated deductions and unfiled returns to go undetected. In GAO's view, reverse matching wages is feasible and could generate large tax revenues. Reverse matching for other deductions has potential but is less feasible because of limitations, such as the gap in information reporting. However, GAO believes that Tax Systems Modernization, IRS' major automation effort, and other proposed changes can overcome many of these problems. For example, reverse matching for bad debts should be feasible if Congress requires businesses to file information returns on bad debts.

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