Consolidated Audit Report to the President's Council on Integrity and Efficiency Covering the Issuance of Forms 1099 for Nonwage Payments in the Federal Government.

摘要

The audit reviewed compliance in 14 Federal agencies with requirements to file Forms 1099 with Internal Revenue Service (IRS) for certain nonwage payments. The project documents $9 billion in payments that were not reported to IRS in Fiscal Year 1984 and Fiscal Year 1985 with a potential tax revenue loss of $500-$600 million.