Paul L. Caron

Tuesday, September 30, 2008

GAO: Improving Rental Real Estate Tax Compliance

The Government Accountability Office yesterday released Actions That Could Improve Rental Real Estate Reporting Compliance (GAO-08-956):

At least an estimated 53% of individual taxpayers with rental real estate misreported their rental real estate activities for tax year 2001, resulting in an estimated $12.4 billion of net misreported income.

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Tracked on Oct 1, 2008 5:44:42 AM