The Joint Committee on Taxation identified improve

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Real Estate Tax Deduction: Taxpayers Face Challenges in Determining What Qualifies; Better Information Could Improve Compliance

Our Price: $25.00

By Michael Brostek (au)
Year: 2009
Pages: 63
Binding Paperback

Product Code: 1437918026

Description

The Joint Committee on Taxation identified improved taxpayer compliance with the real-estate tax deduction as a way to reduce the fed. tax gap -- the difference between taxes owed and taxes voluntarily and timely paid. This report examined: (1) factors that contribute to taxpayers including non-deductible charges; (2) the extent that taxpayers may be claiming such charges; (3) the extent that IRS examinations focus on the inclusion of such charges; and (4) possible options for improving taxpayer compliance. The auditor surveyed a generalizable sample of local gov’ts., studied taxpayer compliance in two jurisdictions that met selection criteria, reviewed IRS documents, and interviewed gov’t. officials. Includes recommendations. Charts and tables.

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