Partnerships & S Corporations

Name: Partnerships & S Corporations
Brand: Nova Science Publishers, Inc (US)
Price: 63.74 GBP
Availability: OutOfStock

Misreporting Income & Tax Compliance Issues

Written by Keith Preston

£63.74 £84.99

Out of stock

Since 1980, partnerships' and S corporations' share of business receipts increased greatly. These entities generally do not pay income taxes. Instead, income or losses (hundreds of billions of dollars annually) flow through to partners and shareholders to include on their income tax returns. GAO has previously reported that the misreporting of income by partners and shareholders poses a tax compliance risk. This book describes what is known about misreporting of flow-through income; assesses how much misreporting IRS identifies; and analyzes possible improvements in IRS's use of data to better identify partnerships and S corporations to consider examining. This book also analyzes individual tax return data to determine who earns pass-through business income and bears the burden of taxes on that income.

ISBN-13: 9781634631242
Publisher: Nova Science Publishers, Inc
Imprint: Nova Science Publishers, Inc (US)
Publication date: 1 December 2014
Format: Paperback
Pages: 70
Dimensions: 230 x 155 mm
Language: English