Appraised Values on Tax Returns: Burdens on Taxpayers Could Be Reduced and Selected Practices Improved (open access)

Appraised Values on Tax Returns: Burdens on Taxpayers Could Be Reduced and Selected Practices Improved

A letter report issued by the Government Accountability Office with an abstract that begins "Appraisers’ most prominent role relative to the three types of tax returns GAO studied is in the valuation of estates. In the most recent years for which GAO had data, appraisers were likely involved in the valuation of property worth from $75 billion to $167 billion reported on estate tax returns in 2009. In contrast, less than $17 billion worth of gifts in 2009 and less than $10 billion in noncash contributions in 2008 likely involved an appraiser. Gift tax returns that likely used appraisers had higher audit rates than gift returns that were unlikely to have appraisers. The use of appraisers was not associated with higher audit rates for estate tax returns and individual returns with noncash contributions."
Date: June 5, 2012
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Temporary Assistance for Needy Families: Update on Program Performance (open access)

Temporary Assistance for Needy Families: Update on Program Performance

Testimony issued by the Government Accountability Office with an abstract that begins "The federal-state TANF partnership makes significant resources available to address poverty in the lives of families with children. With these resources, TANF has provided a basic safety net to many families and helped many parents step into jobs. At the same time, there are questions about the strength and breadth of the TANF safety net. Many eligible families—some of whom have very low incomes—are not receiving TANF cash assistance. Regarding TANF as a welfare-to-work program, the emphasis on work participation rates as a measure of state program performance has helped change the culture of state welfare programs to focus on moving families into employment. However, features of the work participation rates as currently implemented undercut their effectiveness as a way to encourage states to engage parents, including those difficult to serve, and help them achieve self-sufficiency. Finally, states have used TANF funds to support a variety of programs other than cash assistance as allowed by law. Yet, we do not know enough about this spending or whether this flexibility is resulting in the most efficient and effective use of funds at this time."
Date: June 5, 2012
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library