Tax Compliance: Some Hurricanes Katrina and Rita Disaster Assistance Recipients Have Unpaid Federal Taxes

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Publisher : DIANE Publishing
ISBN 13 : 9781422399286
Total Pages : 12 pages
Book Rating : 4.3/5 (992 download)

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Book Synopsis Tax Compliance: Some Hurricanes Katrina and Rita Disaster Assistance Recipients Have Unpaid Federal Taxes by : Gregory D. Kutz

Download or read book Tax Compliance: Some Hurricanes Katrina and Rita Disaster Assistance Recipients Have Unpaid Federal Taxes written by Gregory D. Kutz and published by DIANE Publishing. This book was released on 2007 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Compliance

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781719181488
Total Pages : 28 pages
Book Rating : 4.1/5 (814 download)

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Book Synopsis Tax Compliance by : United States Accounting Office (GAO)

Download or read book Tax Compliance written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax Compliance: Some Hurricanes Katrina and Rita Disaster Assistance Recipients Have Unpaid Federal Taxes

Tax Compliance

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (122 download)

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Book Synopsis Tax Compliance by : Gregory D. Kutz

Download or read book Tax Compliance written by Gregory D. Kutz and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since February 2004, we have issued a series of reports detailing how some organizations and individuals, including defense, civilian agency, and General Services Administration (GSA) contractors; tax-exempt (not-for-profit) organizations; and Medicare physicians, abused the federal tax system at the same time they were doing business with or receiving benefits from the federal government. While we performed this work it came to our attention that some organizations and individuals that were recipients of federal grants and other direct assistance were also abusing the tax system. Thus, Congress asked us to perform additional work and report specifically on organizations and individuals that abuse the federal tax system at the same time they receive federal grants or other similar types of federal assistance, known as direct payments for specified use (direct assistance) programs. Based on Congressional request, we completed a forensic audit and related investigations of unpaid federal taxes owed by recipients of the Federal Emergency Management Agency's (FEMA) Individuals and Households Program (IHP) following hurricanes Katrina and Rita. IHP is a federal direct assistance program authorized by the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act), as amended by the Disaster Mitigation Act of 2000. We conducted our audit of IHP concurrently with our broader audit of federal grant and direct assistance recipients that have unpaid federal taxes, which Congress also requested. We will be reporting the results of that work separately. The specific objectives of our work were to (1) determine, to the extent practical, the estimated magnitude of federal taxes owed by individuals receiving IHP disaster assistance benefit payments following hurricanes Katrina and Rita and (2) provide illustrative examples of abusive or criminal activity related to the federal tax system by IHP recipients with unpaid federal taxes. While about 95 percent of all IHP recipients of disaster relief assistance following hurricanes Katrina and Rita paid their federal taxes, tens of thousands owed federal taxes at the time of the disaster. We identified about 80,000 of the 1.5 million individuals (about 5 percent) who received disaster assistance benefits for hurricanes Katrina and Rita and owed over $700 million combined in unpaid federal taxes prior to those hurricanes. However, our estimates of the taxes owed by these recipients is understated in that we did not include amounts owed by individuals who have not filed tax returns or who have failed to report the full amount of taxes due (referred to as nonfilers and underreporters) and for whom IRS has not determined that specific tax debts are owed. FEMA officials stated that they do not screen disaster applicants for tax debts. FEMA officials stated that there is no law or regulation that requires FEMA to screen IHP applicants prior to providing disaster assistance. The five IHP recipients with which we chose to illustrate abusive and criminal activity related to the federal tax system had tax debts ranging from about $400,000 to over $2 million. Our investigation found that a number of these individuals had a history of failing to file tax returns for several years prior to the hurricane disasters. We also found instances in which IHP recipients attempted to transfer property to avoid IRS seizure. For example, one IHP recipient in the oil and gas industry forged a third party's signature to illegally transfer land. Another IHP recipient, a lawyer, transferred a large quantity of stock to a family member while IRS was taking collection actions against the lawyer. We received written comments on a draft of this report from the Department of Homeland Security (DHS). In its written comments, DHS stated that FEMA's administration of disaster assistance programs to victims of hurricanes Katrina and Rita with tax liabilities was consistent with federal law and policy. As recognized in our draft report, DHS is not required to screen applicants for tax debts. We have reprinted DHS's written comments in their entirety in the enclosure. In addition, IRS and DHS provided technical comments on the draft report, which we incorporated as appropriate.

Tax Provisions to Assist with Disaster Recovery

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Publisher : Createspace Independent Pub
ISBN 13 : 9781481907743
Total Pages : 26 pages
Book Rating : 4.9/5 (77 download)

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Book Synopsis Tax Provisions to Assist with Disaster Recovery by : Erika K. Lunder

Download or read book Tax Provisions to Assist with Disaster Recovery written by Erika K. Lunder and published by Createspace Independent Pub. This book was released on 2013-01-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relief after a natural or man-made disaster may come from what many might consider an unlikely source: the Internal Revenue Code (IRC). The IRC includes several tax relief provisions that apply to affected taxpayers. Some of these provisions are permanent. The following are among the permanent provisions discussed in this report: casualty loss deductions, IRC Section 165; exemption from taxation for disaster relief payments to individuals, IRC Section 139; exemption from taxation for certain insurance payments, IRC Section 123; and deferral of gain from the involuntary conversion of homes destroyed or damaged by a disaster, IRC Section 1033. In recent years, Congress has enacted tax legislation generally intended to assist victims of specific disasters; as a result, these laws were temporary in nature. One act, however, provided more general, but still temporary, relief for any federally declared disaster occurring prior to January 1, 2010. The acts providing temporary relief include the following: The Job Creation and Worker Assistance Act of 2002, P.L. 107-147, which provided tax benefits for areas of New York City damaged by the terrorist attacks of September 11, 2001; The Katrina Emergency Tax Relief Act of 2005 (KETRA), P.L. 109-73, which provided tax relief to assist the victims of Hurricane Katrina in 2005; The Gulf Opportunity Zone (GO Zone) Act of 2005, P.L. 109-135, which provided tax relief to those affected by Hurricanes Katrina, Rita, and Wilma in 2005; and The Heartland Disaster Tax Relief Act of 2008, P.L. 110-343, which provided tax relief to assist recovery from both the severe weather that affected the Midwest during the summer of 2008 and Hurricane Ike. This act also included general disaster tax relief provisions that applied to federally declared disasters occurring before January 1, 2010. This publication provides a basic overview of existing, permanent provisions that benefit victims of disasters, as well as past, targeted legislative responses to particular disasters. The relief is discussed without examining either the qualifications for or the limitation on claiming the provisions' benefits. In light of Hurricane Sandy, this publication is designed to help Congress identify previous legislative responses to recent disasters.

Activities of the Committee on Homeland Security and Governmental Affairs

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Publisher :
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Activities of the Committee on Homeland Security and Governmental Affairs by : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs

Download or read book Activities of the Committee on Homeland Security and Governmental Affairs written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs and published by . This book was released on 2010 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Disaster Recovery

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Publisher : DIANE Publishing
ISBN 13 : 1437910378
Total Pages : 41 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Disaster Recovery by : Stanley J. Czerwinski

Download or read book Disaster Recovery written by Stanley J. Czerwinski and published by DIANE Publishing. This book was released on 2009-03 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Sept. 2008, Hurricanes Ike and Gustav struck the Gulf Coast producing widespread damage and led to fed. major disaster declarations. Earlier this year, heavy flooding resulted in similar declarations in 7 Midwest states. Experiences from past disasters may help states and local governments better prepare for the challenges of managing and implementing the complexities of disaster recovery. This report reviewed 6 past disasters -- the Loma Prieta earthquake in N. Calif. (1989), Hurricane Andrew in S. Florida (1992), the Northridge earthquake in L.A., Calif. (1994), the Kobe earthquake in Japan (1995), the Grand Forks/Red River Flood in N. Dakota and Minnesota (1997), and Hurricanes Katrina and Rita in the Gulf Coast. Illustrations.

The Federal Response to Hurricane Katrina

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Publisher : Government Printing Office
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Federal Response to Hurricane Katrina by :

Download or read book The Federal Response to Hurricane Katrina written by and published by Government Printing Office. This book was released on 2006 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The objective of this report is to identify and establish a roadmap on how to do that, and lay the groundwork for transforming how this Nation- from every level of government to the private sector to individual citizens and communities - pursues a real and lasting vision of preparedness. To get there will require significant change to the status quo, to include adjustments to policy, structure, and mindset"--P. 2.

Gulf Opportunity Zone

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Publisher : DIANE Publishing
ISBN 13 : 1437907946
Total Pages : 63 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Gulf Opportunity Zone by : Michael Brostek

Download or read book Gulf Opportunity Zone written by Michael Brostek and published by DIANE Publishing. This book was released on 2009 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2005, Hurricanes Katrina, Rita, and Wilma devastated the Gulf Coast, destroying wide swaths of housing, key infrastructure, and numerous private bus. In response, Congress passed the Gulf Opportunity (GO) Zone Act of 2005 which provided tax incentives to individuals and bus. in certain disaster areas. This report reviews how state and local governments allocated and used fed. tax incentives in the act and subsequent legislation: (1) identifies tax incentives in the GO Zone Act and subsequent legislation for which state and local governments have allocation and oversight responsibilities; (2) describes the procedures state governments use in allocating the tax incentives; and (3) describes how tax incentives have been allocated and for what purposes. Illus.

Nonprofits & Government

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Publisher : The Urban Insitute
ISBN 13 : 9780877667322
Total Pages : 476 pages
Book Rating : 4.6/5 (673 download)

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Book Synopsis Nonprofits & Government by : Elizabeth T. Boris

Download or read book Nonprofits & Government written by Elizabeth T. Boris and published by The Urban Insitute. This book was released on 2006 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past several decades have seen unprecedented growth in the scope and complexity of relationships between government and nonprofit organizations. These relationships have been more fruitful than many critics had feared and more problematic than many advocates had hoped. Nonprofits and Government is the first comprehensive, multidisciplinary exploration of nonprofit-government relations. The second edition of this important book is fully updated and includes two new chapters. The authors address a host of important issues, including nonprofit advocacy, direct regulatory and tax policy, the conversion of nonprofits to for-profits, clashes in government interaction with religion and the arts, and international nonprofit-government relationships. Practitioners, researchers, and policymakers alike will benefit from the authors' wide-ranging discussion.

Disaster Resilience

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Publisher : National Academies Press
ISBN 13 : 0309261503
Total Pages : 216 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Disaster Resilience by : National Academies

Download or read book Disaster Resilience written by National Academies and published by National Academies Press. This book was released on 2012-12-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: No person or place is immune from disasters or disaster-related losses. Infectious disease outbreaks, acts of terrorism, social unrest, or financial disasters in addition to natural hazards can all lead to large-scale consequences for the nation and its communities. Communities and the nation thus face difficult fiscal, social, cultural, and environmental choices about the best ways to ensure basic security and quality of life against hazards, deliberate attacks, and disasters. Beyond the unquantifiable costs of injury and loss of life from disasters, statistics for 2011 alone indicate economic damages from natural disasters in the United States exceeded $55 billion, with 14 events costing more than a billion dollars in damages each. One way to reduce the impacts of disasters on the nation and its communities is to invest in enhancing resilience-the ability to prepare and plan for, absorb, recover from and more successfully adapt to adverse events. Disaster Resilience: A National Imperative addresses the broad issue of increasing the nation's resilience to disasters. This book defines "national resilience", describes the state of knowledge about resilience to hazards and disasters, and frames the main issues related to increasing resilience in the United States. It also provide goals, baseline conditions, or performance metrics for national resilience and outlines additional information, data, gaps, and/or obstacles that need to be addressed to increase the nation's resilience to disasters. Additionally, the book's authoring committee makes recommendations about the necessary approaches to elevate national resilience to disasters in the United States. Enhanced resilience allows better anticipation of disasters and better planning to reduce disaster losses-rather than waiting for an event to occur and paying for it afterward. Disaster Resilience confronts the topic of how to increase the nation's resilience to disasters through a vision of the characteristics of a resilient nation in the year 2030. Increasing disaster resilience is an imperative that requires the collective will of the nation and its communities. Although disasters will continue to occur, actions that move the nation from reactive approaches to disasters to a proactive stance where communities actively engage in enhancing resilience will reduce many of the broad societal and economic burdens that disasters can cause.

Technical and Miscellaneous Revenue Act of 1988

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (186 download)

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Book Synopsis Technical and Miscellaneous Revenue Act of 1988 by : United States. Congress

Download or read book Technical and Miscellaneous Revenue Act of 1988 written by United States. Congress and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dealing with Increased Risk of Natural Disasters

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Publisher : International Monetary Fund
ISBN 13 : 145186003X
Total Pages : 39 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Dealing with Increased Risk of Natural Disasters by : Mr.Muthukumara Mani

Download or read book Dealing with Increased Risk of Natural Disasters written by Mr.Muthukumara Mani and published by International Monetary Fund. This book was released on 2003-10-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to continue to increase, and bear especially heavily on the poorest. It then reviews the key economic issues at stake, focusing in particular on the actual and prospective roles of, and interaction between, market instruments and public interventions in dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more fundamental, the Samaritan's dilemma: the underinvestment in protective measures associated with the rational expectation that others will provide support if disaster occurs. Innovations addressing each of these are discussed.

Your Federal Income Tax for Individuals

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Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (3 download)

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Book Synopsis Your Federal Income Tax for Individuals by :

Download or read book Your Federal Income Tax for Individuals written by and published by . This book was released on 2006 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Congressional Record

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Publisher :
ISBN 13 :
Total Pages : 2094 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Congressional Record by : United States. Congress

Download or read book Congressional Record written by United States. Congress and published by . This book was released on with total page 2094 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Measuring Vulnerability to Natural Hazards

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Publisher : The Energy and Resources Institute (TERI)
ISBN 13 : 9788179931226
Total Pages : 582 pages
Book Rating : 4.9/5 (312 download)

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Book Synopsis Measuring Vulnerability to Natural Hazards by : Birkmann

Download or read book Measuring Vulnerability to Natural Hazards written by Birkmann and published by The Energy and Resources Institute (TERI). This book was released on 2007-01-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Vulnerability to Natural Hazards presents a broad range of current approaches to measuring vulnerability. It provides a comprehensive overview of different concepts at the global, regional, national, and local levels, and explores various schools of thought. More than 40 distinguished academics and practitioners analyse quantitative and qualitative approaches, and examine their strengths and limitations. This book contains concrete experiences and examples from Africa, Asia, the Americas and Europe to illustrate the theoretical analyses.The authors provide answers to some of the key questions on how to measure vulnerability and they draw attention to issues with insufficient coverage, such as the environmental and institutional dimensions of vulnerability and methods to combine different methodologies.This book is a unique compilation of state-of-the-art vulnerability assessment and is essential reading for academics, students, policy makers, practitioners, and anybody else interested in understanding the fundamentals of measuring vulnerability. It is a critical review that provides important conclusions which can serve as an orientation for future research towards more disaster resilient communities.

Activities of the Committee on Homeland Security and Governmental Affairs

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Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Activities of the Committee on Homeland Security and Governmental Affairs by : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs

Download or read book Activities of the Committee on Homeland Security and Governmental Affairs written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs and published by . This book was released on 2012 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Natural Hazards, UnNatural Disasters

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Publisher : World Bank Publications
ISBN 13 : 0821381415
Total Pages : 280 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Natural Hazards, UnNatural Disasters by : World Bank

Download or read book Natural Hazards, UnNatural Disasters written by World Bank and published by World Bank Publications. This book was released on 2010-11-10 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how to ensure that the preventive measures are worthwhile and effective, and how people can make decisions individually and collectively at different levels of government.