GAO Suggests Improvements in Tax Information Exchange Program

In a report issued in December, 1985, to the Commissioner of Internal Revenue, the General Accounting Office has reviewed the federal/state tax information exchange program in order to assess how well IRS and the states use the program in their efforts to increase the level of voluntary compliance with tax laws.  GAO stated that the federal/state tax exchange program has been beneficial to both IRS and participating states in their efforts to promote taxpayer compliance and increase tax revenues.