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US Treasury: 200440069fr

US Treasury: 200440069fr

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Published by: Treasury on Jan 22, 2008
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Forms and Publications for Tax Year 2003Properly Explain Specific Tax Law ChangesAffecting Individual TaxpayersMarch 2004Reference Number: 2004-40-069
This report has cleared the Treasury Inspector General For Tax Administration disclosurereview process and information determined to be restricted from public release has beenredacted from this document.
March 9, 2004MEMORANDUM FOR COMMISSIONER, WAGE AND INVESTMENT DIVISIONFROM: Gordon C. Milbourn IIIActing Deputy Inspector General for AuditSUBJECT: Final Audit Report - Forms and Publications for Tax Year 2003Properly Explain Specific Tax Law Changes Affecting IndividualTaxpayers (Audit # 200440015)This report presents the results of our review of the update of Tax Year (TY) 2003 taxforms, instructions, and publications for new tax legislation. The overall objective of thisreview was to determine if the Internal Revenue Service (IRS) identified new taxlegislation affecting individual taxpayers and ensured all relevant forms, instructions,and publications were updated for TY 2003.Each year, the IRS faces the challenge of incorporating new tax legislation into many ofits publications and processes. Implementing new legislation becomes morechallenging when there are numerous provisions with effective dates that extend overseveral years. An important element within these required changes is the revision tothe various tax forms, instructions, and publications (i.e., tax products).There are 31 provisions in the Jobs and Growth Tax Relief Reconciliation Act of 2003,
 the Trade Act of 2002,
and the Taxpayer Relief Act of 1997
that will affect individualtaxpayers during TY 2003. We reviewed 10 of the provisions we believe could have themost significant impact on taxpayers. Overall, the IRS did a good job of clearly andaccurately updating the tax forms and publications relating to the provisions wereviewed. The impact of the legislation was properly identified, changes to the forms,instructions, and publications were adequately controlled, and the revised productswere clearly and accurately updated to reflect the changes to the tax laws. We did,
Pub. L. No. 108-27, 117 Stat. 752.
Pub. L. No. 107-210, 116 Stat. 38.
Pub. L. No. 105-34, 111 Stat. 788 (codified as amended in scattered sections of 5 U.S.C., 19 U.S.C., 26 U.S.C.,29 U.S.C., 31 U.S.C., 42 U.S.C., and 46 U.S.C. app.).
however, observe a few situations that could lead to some confusion or errors on taxreturns. While we do not believe these situations are significant enough to warrantcorrective actions at this time, we do suggest the IRS monitor the situations and takeactions if needed.Management’s Response: IRS management reviewed the draft report and providedtheir concurrence with its contents via email. Since there were no recommendationsrequiring a formal response, the IRS agreed the report should be issued with no formalwritten response.Copies of this report are also being sent to the IRS managers affected by the report.Please contact me at (202) 622-6510 if you have questions or Michael R. Phillips,Assistant Inspector General for Audit (Wage and Investment Income Programs), at(202) 927-0597.

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