Non-Cash Charitable Contributions 1
Non-Cash Charitable Contributions 2
Income Tax Compliance 1
Income Tax Compliance 2
Miscellaneous
100
The percentage of taxpayers failing to comply with tax requirements
What is 60%
100
Non-cash charitable contributions are ___ AGI
What is from
100
What type of heterogeneous effects does unmatched income have across taxpayers?
What type of heterogeneous effects does unmatched income have across taxpayers?A $1 increase in unmatched income will likely increase a low income taxpayer’s underreporting by $1 but a high income taxpayer’s underreporting by less than $1
100
What is the most common income source in the United States, and how of the sample is it? (Table 1)
Salaries and Wages, 86%
100
The author of Individual Income Tax Compliance article
What is Mark D. Phillips
200
Amount of non-cash charitable dollars reported in 2010
What is 3.8 Billion
200
Form that must be filled out for contributions in excess of $500 but less than $5000
What is Form 8283, Section A
200
Why is the NRP examination process imperfect?
Some portion of true noncompliance goes undetected during an examination and does not show up in the data of the NRP
200
What efforts have the IRS taken to collect representative data on tax compliance?
1963 – Taxpayer Compliance Measurement Program Became the NRP First NRP study in 2001 of 44,768 taxpayers The study was completely randomized
200
What is important to note about the NRP examination process
What is imperfect (some portion of true noncompliance goes undetected and does not show up in data)
300
Amount of money that was saved by failing to comply with non-cash charitable contributions in 2010
What is 1.1 billion
300
Formed filled out in addition form Form 8283 A for noncash charitable contributions in excess of $5000
What is Form 8283, Section B
300
Why are high unmatched income taxpayers unable to underreport fully without raising audit and payment rates?
Audit and detection rates that increase even with small increases in noncompliance
300
What are the results when both socioeconomic and information variables are included in regressions for understatement levels?
It remains the case that taxpayers are on average underreporting a large portion of every additional dollar of unmatchable income.
300
Amount deducted from AGI for Qualified Vehicles
What is lesser of FMV or Gross proceeds received from the sale
400
A taxpayer must have this in order to deduct non-cash charitable contributions between $250 and $500
What is Acknowledgement form from Donee
400
Noncash contributions between 5001-500,000 require these signatures
What is the signature for donee acknowledgment receipt and signature of qualified appraiser
400
What does Kleven find about most taxpayers when it comes to reported matched income?
Taxpayers with large amounts of unmatched income may underreport less than 100 percent
400
Why can observational audit data not identify the precise mechanism that induces underreporting?
The data cannot prove that taxpayers are trying with intent to not comply with reporting.
400
TIGTA stands for
What is The Treasury Inspector General for Tax Administration
500
Two characteristics that must be present in the acknowledgement form
What is Description of the property but no value Donee organization provided any goods or services, in consideration of contribution Exchange for goods for services Good faith estimation of the value of any goods or services If the goods or services consist entirely of intangible religious benefits, there must be a statement to that effect, but no estimate of value
500
Percentage of error in population for Qualified Vehicle filings for form 1098 in 2010
What is 42%
500
What are the four categories of line items that the IRS distinguishes for detection-controlled estimates of net misreporting percentages?
1) Amounts subject to substantial information reporting and withholding: wages and salaries 2) Amounts subject to substantial information reporting: Pensions and annuities, dividend income, interest income, unemployment compensation, and Social Security Benefits 3) Amounts subject t some information reporting: deductions, partnership/S-Corporation income, exemptions, capital gains, and alimony income 4) Amounts subject to little or no information reporting: nonfarm proprietor income(schedule C), other income, rents and royalties, farm income(schedule F), Form 4797 income, and adjustments
500
What does Figure 3 predict?
Predicts underreporting of unmatchable income for Type 2 taxpayers with strictly positive unmatchable income.
500
Two attributes appraiser must be in order to qualify
What is Not related party Majority of appraisals for another party Qualified Regular Basis
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