Expediting Tax Deposits Can Increase the Government's Interest Earnings.

Abstract

Because of the Congress' continuing interest in improving the cash management practices of Federal agencies, GAO reviewed Treasury Department and Internal Revenue Services (IRS) procedures for depositing tax receipts. GAO found that, while Treasury and IRS have made significant progress, further opportunities exist for increasing interest earnings. --Greater use could be made of the tax deposit services provided by financial institutions. --Deposits by IRS field offices could be accelerated. --IRS check sorting could enable financial depositaries to make tax receipts available to the Government sooner. IRS generally agreed with GAO's recommendations and outlined actions to implement them. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Nov 21, 1983
Accession Number
ADA138476

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Human Systems
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Business Administration
  • Contracts
  • Costs
  • Data Processing
  • Data Processing Equipment
  • Databases
  • Financial Management
  • Management Personnel
  • Money
  • Office Personnel
  • Processing Equipment
  • Procurement
  • Sampling
  • Standards
  • Test And Evaluation
  • United States

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.
  • Economics