TITLE

IRS Could Improve Cost Basis and Transaction Settlement Reporting Implementation

PUB. DATE
June 2011
SOURCE
GAO Reports;6/20/2011, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article focuses on the findings of the U.S. Government Accountability Office (GAO) regarding the implementation of the U.S. Internal Revenue Service (IRS) with the cost basis and transaction settlement. It states that GAO found out the implementation of the settlement through the Information Reporting and Document Matching (IRDM) program. It says that the IRS is developing systems which will improve and expand its matching information returns to individual tax returns and business taxpayers.
ACCESSION #
61834422

 

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