Tax Misreporting Adjustment

From Open Risk Manual
Revision as of 21:55, 13 November 2023 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)


Tax Misreporting Adjustment. An adjustment that is made to tax-return data from the Internal Revenue Service (IRS) in order to account for underreported income and for illegal nonfiling or late filing of tax returns. The adjustment is applied to the IRS data that are used in the Economic Census as the basic source for receipts.[1]


  1. Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009