About 10 percent of General Service Administration contractors owed roughly $1.4 billion in unpaid taxes between the years 2004-05,according to an investigation conducted by the Government Accountability Office.

According to reports, the GAO found that throughout the 2004 fiscal year and through nearly the first three quarters of fiscal 2005, thousands of GSA contractors abused the federal tax system.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access