United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-08-28 monographic deposited born digital 22 p. GA 1.13:GGD-96-165 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-165 P0b002ee180395862 f:gg96165 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GGD-96-165 machine generated eng fdlp REPORT GAOREPORTS-GGD-96-165 GGD-96-165 Personal income taxes Delinquent taxes Tax administration systems Tax nonpayment Social security taxes Pensions Tax returns Taxpayers Reporting requirements Letter Report GGD Pursuant to a congressional request, GAO reviewed tax administration issues related to the growth of nonwage income, focusing on the: (1) primary sources of such income; (2) impact of nonwage income tax delinquencies on the Internal Revenue Service's (IRS) accounts receivable; and (3) potential options for improving the timely payment of taxes on nonwage income.<p/>GAO found that: (1) from 1970 to 1992, individuals' nonwage income increased from 16.7 percent to 23.4 percent; (2) pensions, interest, self-employment, capital gains, dividends, and partnerships accounted for 91.6 percent of all nonwage income reported for 1992; (3) individual tax returns showing only nonwage income increased from about 10 percent to over 15 percent in 1992; (4) the proportion of the taxpayer population reporting nonwage income will continue to increase as the population ages because pension income is the largest and fastest growing source of nonwage income; (5) taxpayers whose income derives mainly from nonwage sources are more likely to have problems paying their income taxes; (6) these taxpayers accounted for 74 percent of the $79.2 billion in delinquent taxes owed by individuals in fiscal year 1993; (7) taxpayers with self-employment, interest, and dividend income accounted for about two-thirds of the nonwage income included in the IRS inventory of tax debts; and (8) options for improving timely tax payments on nonwage income include expanding withholding to more nonwage income sources, increasing taxpayer awareness of tax payment responsibilities for nonwage income, and modifying the estimated tax payment system. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-165/html/GAOREPORTS-GGD-96-165.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-165/pdf/GAOREPORTS-GGD-96-165.pdf GAO/GGD-96-165 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-165 Letter Report GAO/GGD-96-165; Tax Administration: Tax Compliance of Nonwage Earners; Personal income taxes Delinquent taxes Tax administration systems Tax nonpayment Social security taxes Pensions Tax returns Taxpayers Reporting requirements Public Law 103-465