ABSTRACT

COVID-19: IRS Implemented Tax Relief for Employers Quickly, but Could Strengthen Its Compliance Efforts, Report to Congressional Committees   [open pdf - 4MB]

From the Highlights: "The COVID-19 [coronavirus disease 2019] pandemic resulted in significant challenges to the U.S. economy, leading to business closures. The employment tax relief measures Congress passed to help businesses affected by the pandemic were estimated to result in about $237.8 billion in foregone revenue for fiscal years 2021-2031. The CARES [Coronavirus Aid, Relief, and Economic Security] Act includes a provision for GAO [Government Accountability Office] to report on the federal government's response to the COVID-19 pandemic. This report describes IRS [Internal Revenue Service]'s efforts in implementing the employment tax provisions. The report also evaluates IRS's plans and actions to identify compliance risks for the provisions."

Report Number:
GAO-22-104280
Publisher:
Date:
2022-05
Series:
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations