Applying Agreed-Upon Procedures
Fiscal Year 2008 Airport and Airway Trust Fund Excise Taxes Gao ID: GAO-09-90R November 3, 2008GAO has performed the agreed-upon procedures solely to assist the Department of Transportation (DOT) in ascertaining whether the net excise tax revenue distributed to the Airport and Airway Trust Fund (AATF) for the fiscal year ended September 30, 2008, is supported by the underlying records. As agreed with DOT, GAO evaluated fiscal year 2008 activity affecting distributions to the AATF.
The procedures GAO agreed to perform were related to (1) transactions that represent the underlying basis of amounts distributed to the AATF during fiscal year 2008, (2) the Internal Revenue Service's (IRS) quarterly AATF receipt certifications during fiscal year 2008, (3) the Department of the Treasury's Financial Management Service adjustments to the AATF during fiscal year 2008, (4) the Department of the Treasury's Office of Tax Analysis's (OTA) process for estimating excise tax amounts to be distributed to the AATF for the fourth quarter of fiscal year 2008, (5) adjustments to the AATF for tax on kerosene used in aviation during fiscal year 2008, and (6) the amount of net excise taxes distributed to the AATF during fiscal year 2008. GAO provided a draft of this letter, along with the enclosure, to IRS and OTA officials for review and comment. IRS agreed with the results and findings presented the enclosure. OTA agreed with the results and findings presented in the enclosure relating to its responsibilities, that is, the procedures performed in the estimation process for the quarter ended September 30, 2008.
GAO-09-90R, Applying Agreed-Upon Procedures: Fiscal Year 2008 Airport and Airway Trust Fund Excise Taxes
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November 3, 2008:
The Honorable Calvin L. Scovel III:
Inspector General:
Department of Transportation:
Subject:Applying Agreed-Upon Procedures: Fiscal Year 2008 Airport and
Airway Trust Fund Excise Taxes:
Dear Mr. Scovel:
We have performed the procedures described in the enclosure to this
letter, which we agreed to perform and with which you concurred, solely
to assist your office in ascertaining whether the net excise tax
revenue distributed to the Airport and Airway Trust Fund (AATF) for the
fiscal year ended September 30, 2008, is supported by the underlying
records. As agreed with your office, we evaluated fiscal year 2008
activity affecting distributions to the AATF.
We conducted the engagement in accordance with U.S. generally accepted
government auditing standards, which incorporate financial audit and
attestation standards established by the American Institute of
Certified Public Accountants.
You are responsible for the adequacy of these agreed-upon procedures to
meet your objectives and we make no representation in that respect. The
procedures we agreed to perform were related to (1) transactions that
represent the underlying basis of amounts distributed to the AATF
during fiscal year 2008, (2) the Internal Revenue Service's (IRS)
quarterly AATF receipt certifications during fiscal year 2008, (3) the
Department of the Treasury's Financial Management Service adjustments
to the AATF during fiscal year 2008, (4) the Department of the
Treasury's Office of Tax Analysis's (OTA) process for estimating excise
tax amounts to be distributed to the AATF for the fourth quarter of
fiscal year 2008, (5) adjustments to the AATF for tax on kerosene used
in aviation during fiscal year 2008, and (6) the amount of net excise
taxes distributed to the AATF during fiscal year 2008. The enclosure
provides more detail on the agreed-upon procedures and our results.
We were not engaged to perform, and did not perform, an examination,
the objective of which would have been to express an opinion on the
amount of net excise taxes distributed to the AATF during fiscal year
2008. Accordingly, we do not express such an opinion. Had we performed
additional procedures, other matters might have come to our attention
that we would have reported to you. We completed the agreed-upon
procedures on October 27, 2008.
We provided a draft of this letter, along with the enclosure, to IRS
and OTA officials for review and comment. IRS agreed with the results
and findings presented the enclosure. OTA agreed with the results and
findings presented in the enclosure relating to its responsibilities,
that is, the procedures performed in the estimation process for the
quarter ended September 30, 2008.
This report is intended solely for the use of the Office of Inspector
General of the Department of Transportation and should not be used by
those who have not agreed to the procedures or have not taken
responsibility for the sufficiency of the procedures for their
purposes. However, the report is a matter of public record, and its
distribution is not limited; thus, we will post the report on our Web
site at [hyperlink, http://www.gao.gov] and provide copies upon
request.
If you have any questions, please call me at (202) 512-3406. Contact
points for our Offices of Congressional Relations and Public Affairs
may be found on the last page of this report.
Sincerely yours,
Signed by:
Steven J. Sebastian:
Director:
Financial Management and Assurance:
Enclosure:
Airport and Airway Trust Fund Excise Tax Procedures and Results:
I. Procedures on transactions that represent the underlying basis of
amounts distributed to the Airport and Airway Trust Fund (AATF) in
fiscal year 2008:
A. Nonstatistical selection of tax returns from the quarters ending
June 30, 2007,[Footnote 1] and September 30, 2007[Footnote 2]
1. For each of the quarters ending June 30, 2007, and September 30,
2007, select the 30 largest excise tax returns containing excise taxes
related primarily to the AATF and the Highway Trust Fund (HTF) on the
basis of total tax liability amount[Footnote 3] from the Internal
Revenue Service's (IRS) master file.[Footnote 4]
Description of findings and results:
We selected the 30 largest excise tax returns related primarily to the
AATF and the HTF from each of the two quarters for testing. The
selection was based on the total tax liability amount and type of taxes
owed for each return from IRS's master file.
The total tax liability amount related to the 30 returns from the
quarter ended June 30, 2007, was approximately $10 billion or 71
percent of the total tax liability amount of $14.1 billion for all
excise tax returns for the quarter. Of these 30 returns, 10 contained
primarily AATF-related taxes and 20 contained primarily HTF taxes.
The total tax liability amount related to the 30 returns from the
quarter ended September 30, 2007, was approximately $9.9 billion or 71
percent of the total tax liability amount of $14 billion for all excise
tax returns for the quarter. Of these 30 returns, 10 contained
primarily AATF-related taxes and 20 contained primarily HTF taxes.
2. For each of the 20 returns related primarily to the AATF from the
quarters ended June 30, 2007, and September 30, 2007, we performed the
following procedures, which encompassed approximately $4.5 billion in
prorated collections[Footnote 5] affecting fiscal year 2008
distributions to the AATF:
(a) Compare the assessment amounts for abstracts[Footnote 6] 26, 27,
and 28 from the tax return to IRS's master file for agreement.
Description of findings and results:
The assessment amounts for abstracts 26, 27, and 28 on the tax return
agreed with the master file for all 20 returns.
(b) Calculate the assessment amounts on the tax return for the selected
abstracts to determine whether they are mathematically correct.
Description of findings and results:
The assessment amounts for the selected abstracts were mathematically
correct on all 20 returns.
(c) Calculate the prorated collection amount for the selected abstracts
based on information from the master file and compare this amount to
the amount in the Collection Certification System audit files[Footnote
7] for agreement.
Description of findings and results:
The independently calculated prorated collection amounts for the
selected abstracts agreed with amounts in the Collection Certification
System audit files for all 20 returns.
B. Statistical selection of attribute and monetary unit samples (MUS)
from the quarters ended December 31, 2007, and March 31, 2008:
1. Sampling and other procedures:
(a) Compare excise tax collections from the master file with excise tax
collections from the Collection Certification System audit files for
the first two quarters of fiscal year 2008 to determine if they
materially agree.[Footnote 8]
Description of findings and results:
Excise tax collections from the master file materially agreed with the
Collection Certification System for the first two quarters of fiscal
year 2008.
(b) Compare excise tax collections from the master file with excise tax
collections from IRS's general ledger for the first 9 months of fiscal
year 2008 to determine if they materially agree.[Footnote 9]
Description of findings and results:
Excise tax collections from the master file materially agreed with
IRS's general ledger for the first 9 months of fiscal year 2008.
(c) Select a random attribute sample of 78 excise tax returns from the
master file.[Footnote 10] Compare assessment and receipt information
for each return from the master file to the Collection Certification
System.
Description of findings and results:
For all 78 returns, assessment and receipt information from the master
file was contained in the Collection Certification System.
(d) Sum the prorated collections for selected abstracts[Footnote 11]
from the audit files and compare these amounts to amounts in the Report
of Excise Tax Collection[Footnote 12] to determine if the Collection
Certification System properly summarized the prorated collections.
Description of findings and results:
The Collection Certification System properly summarized the prorated
collections for all of the selected abstracts. Prorated collections
from the audit files for the selected abstracts agreed with the
corresponding amounts in the Report of Excise Tax Collection.
(e) Separate the total population of prorated collections from the
audit files into the following distinct populations: (1) AATF, (2) HTF,
and (3) other excise tax abstracts. Use MUS to select a sample of
prorated excise tax collections from the AATF population using a
confidence level of 80 percent, a tolerable misstatement of $119
million, and an expected aggregate error amount of $36 million.
Description of findings and results:
Use of MUS with a confidence level of 80 percent, a tolerable
misstatement of $119 million, and an expected aggregate error amount of
$36 million resulted in a sample of 65[Footnote 13] prorated
collections for the AATF for the first two quarters of fiscal year
2008.
(f) Select samples of prorated excise tax collections from the two non-
AATF populations. Use MUS to select a sample of prorated excise tax
collections from the HTF population using a confidence level of 80
percent, a tolerable misstatement of $391 million, and an expected
aggregate error amount of $117 million. Select a random attribute
sample of 45 items from the population of prorated tax collections
related to all excise taxes other than the AATF and the HTF.[Footnote
14]
Description of findings and results:
Use of MUS with a confidence level of 80 percent, a tolerable
misstatement of $391 million, and an expected aggregate error amount of
$117 million resulted in a sample of 91[Footnote 15] prorated
collections for the HTF for the first two quarters of fiscal year 2008.
A random attribute sample of 45 items was selected from the population
of prorated tax collections related to all excise taxes other than the
AATF and the HTF.
2. Procedures on transactions:
(a) For each prorated excise tax collection sampled from the AATF
population:
* Compare the assessment amount for the sampled item from the tax
return to IRS's master file for agreement.
Description of findings and results:
The assessment amount on the tax return agreed with the master file for
all of the sampled items.
* Calculate the assessment amount on the tax return for the sampled
item to determine whether it is mathematically correct.
Description of findings and results:
The assessment amount on the tax return was mathematically correct for
all of the sampled items.
* Calculate the prorated collection amount for the sampled item based
on information from the master file and compare this amount to the
amount in the Collection Certification System audit files for
agreement.[Footnote 16]
Description of findings and results:
The independently calculated prorated collection amount agreed with the
amount in the Collection Certification System audit files for all of
the sampled items.
(b) Inspect the tax returns and master file information for the two
samples of prorated collections from the non-AATF populations to
determine if they contain any AATF excise tax collections.
Description of findings and results:
The two samples of prorated collections from the non-AATF populations
did not contain any AATF excise tax collections.
(c) Evaluate the results of conducting steps (a) and (b).
Description of findings and results:
For the first two quarters of fiscal year 2008, the net most likely
error is $0 with an upper error limit of $68 million at the 80 percent
confidence level.
II. Procedures on IRS's quarterly AATF receipt certifications:
Perform the following procedures on IRS's AATF receipt certifications
for the quarters ended September 30, 2007, December 31, 2007, March 31,
2008, and June 30, 2008:
A. Inspect the certification letters for authorizing signatures.
Description of findings and results:
The certification letters for all four quarters had authorizing
signatures.
B. Inspect the certification letters and supporting worksheets to
determine if evidence exists that they were reviewed by the supervisor
or another analyst.
Description of findings and results:
There was evidence that the supervisor or another analyst reviewed the
certification letters and supporting worksheets for all four quarters.
C. Calculate the totals on the certification letters to determine if
they are mathematically correct.
Description of findings and results:
The totals on the certification letters for all four quarters were
mathematically correct.
D. Trace the certified amounts for tax on transportation of persons by
air (abstract 26), tax on the use of international air travel
facilities (abstract 27), tax on transportation of property by air
(abstract 28), and tax on kerosene for use in commercial aviation
(abstract 77)[Footnote 17] from the certification letters back to the
Report of Excise Tax Collection[Footnote 18] and the Treasury 90
Report[Footnote 19] for agreement.
Description of findings and results:
The certified amounts for tax on transportation of persons by air
(abstract 26), tax on the use of international air travel facilities
(abstract 27), tax on transportation of property by air (abstract 28),
and tax on kerosene for use in commercial aviation (abstract 77) from
the certification letters agreed with the related Report of Excise Tax
Collection and the Treasury 90 Report for all four quarters.
E. Compare the distribution rates used by IRS for tax on transportation
of persons by air (abstract 26), tax on the use of international air
travel facilities (abstract 27), tax on transportation of property by
air (abstract 28), and tax on kerosene for use in commercial aviation
(abstract 77) for agreement with the applicable laws.
Description of findings and results:
The distribution rates used by IRS for tax on transportation of persons
by air (abstract 26), tax on the use of international air travel
facilities (abstract 27), tax on transportation of property by air
(abstract 28), and tax on kerosene for use in commercial aviation
(abstract 77) agreed with the applicable laws in effect during all four
quarters.
F. Inspect the Report of Excise Tax Collection used in the
certification to determine if it contains significant[Footnote 20]
collections from prior quarters.
Description of findings and results:
The Report of Excise Tax Collection used in the certification for all
four quarters did not contain significant collections from prior
quarters.
III. Procedures on Financial Management Service adjustments:
Perform the following procedures on Financial Management Service (FMS)
adjustments to AATF excise tax distributions for the quarters ended:
September 30, 2007, December 31, 2007, March 31, 2008, and June 30,
2008:
A. Calculate the FMS adjustment amounts based on the Office of Tax
Analysis (OTA) transfer forms[Footnote 21] and IRS certification
letters to determine if they are mathematically correct.
Description of findings and results:
The FMS adjustment amounts for all four quarters were mathematically
correct. These amounts were[Footnote 22]
* $199,446,000 for the quarter ended September 30, 2007;
* ($41,744,000) for the quarter ended December 31, 2007;
* $167,584,000 for the quarter ended March 31, 2008; and:
* $102,351,000 for the quarter ended June 30, 2008.
IV. Procedures on excise tax distributions to the AATF for the quarter
ended September 30, 2008:
A. Determine if OTA's process for identifying and incorporating the
effect of new legislation on excise tax receipts into its trust fund
estimates[Footnote 23] was in place during the quarter ended September
30, 2008.
Description of findings and results:
OTA's process for identifying and incorporating into its trust fund
estimates the effect of new legislation on excise tax receipts was in
place during the quarter ended September 30, 2008. OTA prepares a tax
rate table to capture information relating to legislation that affects
tax rates, tax basis, accounts, and deposit rules in effect during the
quarter.
B. Inspect the transfer forms and supporting schedules to determine if
there is evidence of review.
Description of findings and results:
There was evidence that another OTA economist reviewed the transfer
forms and supporting schedules affecting distributions to the AATF for
the quarter ended September 30, 2008.
C. Calculate the totals on the transfer forms to determine if they are
mathematically correct.
Description of findings and results:
The totals on the transfer forms affecting distributions to the AATF
for the quarter ended September 30, 2008, were mathematically correct.
D. Trace the transfer amounts for tax on transportation of persons by
air (abstract 26), tax on the use of international air travel
facilities (abstract 27), tax on transportation of property by air
(abstract 28), and tax on kerosene for use in commercial aviation
(abstract 77)[Footnote 24] from the transfer forms back to the related
source documents[Footnote 25] for agreement.
Description of findings and results:
The transfer amounts for tax on transportation of persons by air
(abstract 26), tax on the use of international air travel facilities
(abstract 27), tax on transportation of property by air (abstract 28),
and tax on kerosene for use in commercial aviation (abstract 77) from
the transfer forms agreed with the related source documents for the
quarter ended September 30, 2008.
V. Other procedures:
A. Determine if adjustments to the AATF for tax on kerosene used in
aviation were made during fiscal year 2008 and calculate the adjustment
amounts to determine if they are mathematically correct.[Footnote 26]
Description of findings and results:
Adjustments to the AATF for tax on kerosene used in aviation were made
during fiscal year 2008 and were mathematically correct. These amounts
were[Footnote 27]
* $63,475,000 for the quarter ended September 30, 2007;
* $56,083,000 for the quarter ended December 31, 2007;
* $51,644,000 for the quarter ended March 31, 2008;
* $46,309,000 for the quarter ended June 30, 2008; and:
* $55,457,000 for the quarter ended September 30, 2008.
B. Using IRS's quarterly certifications, OTA's estimated distributions,
and any adjustments, compile and report the amount of net excise taxes
distributed to the AATF in fiscal year 2008.
Description of findings and results:
Based on a compilation of IRS's quarterly certifications, OTA's
estimations, and adjustments, the amount of net excise taxes
distributed to the AATF in fiscal year 2008 was $11,812,562,000.
[End of section]
Footnotes:
[1] In October 2007, the Internal Revenue Service (IRS) completed its
certification to the AATF for the quarter ended June 30, 2007, and the
Department of the Treasury's Financial Management Service (FMS)
recorded the corresponding adjustment to transfer funds between the
general fund and the trust fund. Administrators of the Federal Aviation
Administration (FAA) recorded the adjustment amount on FAA's financial
statements, which include AATF data, for fiscal year 2007.
[2] The IRS certification and corresponding FMS adjustment for the
quarter ended September 30, 2007, were completed in February 2008, and
thus affected distributions to the AATF during fiscal year 2008.
[3] Although the certifications are based on amounts collected, we used
the tax liability amounts to identify the taxpayers paying the largest
amounts of excise taxes. These taxpayers generally pay their excise
taxes in full each quarter.
[4] The master file is a detailed database containing taxpayer
information.
[5] IRS certifies to trust funds the amount of excise taxes collected.
Because taxpayers have sometimes not fully paid their tax liability,
IRS must allocate the amount of payments actually received among the
different excise taxes reported on the taxpayers' returns. IRS's
Collection Certification System prorates a taxpayer's payments
proportionately among all taxes reported as owed on the tax return. For
example, if a corporation reports that it owes $4 million for gasoline
tax, $2 million for diesel fuel tax, and $1 million for kerosene tax on
its Form 720, Quarterly Federal Excise Tax Return, but has paid IRS
only $3.5 million at the time IRS performs its certification, the
program prorates the $3.5 million in the following manner: $2 million
to gasoline tax, $1 million to diesel fuel tax, and $500,000 to
kerosene tax.
[6] The abstract numbers identify the tax type (e.g., gasoline and
ticket tax) and are used as the basis for determining the distribution
of the excise taxes to the various trust funds. Abstract numbers are
preprinted on the Form 720, Quarterly Federal Excise Tax Return, and
are used by the taxpayer to report excise tax assessments. If the
return was related to the AATF, we selected (1) tax on transportation
of persons by air (abstract 26), (2) tax on the use of international
air travel facilities (abstract 27), and (3) tax on transportation of
property by air (abstract 28). If the return was related to the HTF, we
selected (1) diesel fuel tax (abstract 60) and (2) gasoline tax
(abstract 62). The tax amounts related to the selected abstracts for
each trust fund are the largest tax amounts reported on the taxpayer's
excise tax return and made up over 92 percent of the total amount
certified to the AATF and over 85 percent of the total amount certified
to the HTF for the quarters ended June 30, 2007, and September 30,
2007.
[7] The Collection Certification System produces what IRS refers to as
audit files. These audit files contain the individual prorated
collections by abstract and taxpayer identification number. The
certified amounts to the trust funds are calculated by subtracting
credits from prorated collections and then multiplying the difference
by the applicable trust fund distribution rates.
[8] For the purpose of this procedure, "material" is defined as 1
percent of the excise tax collections for the quarters ended December
31, 2007, and March 31, 2008.
[9] This reconciliation is performed as part of the fiscal year 2008
IRS financial statement audit. It is a reconciliation of all excise tax
collections that posted to the master file and general ledger during
the first 9 months of fiscal year 2008 and is not limited to the first
two quarters. For the purpose of this procedure, "material" is defined
as 1 percent of the excise tax collections for the first 9 months of
fiscal year 2008.
[10] For this sample, if one or no errors were found in testing the 78
items, we would be 90 percent confident that the error rate in the
population would not exceed 5 percent.
[11] The selected abstracts are (1) tax on transportation of persons by
air (abstract 26), (2) tax on the use of international air travel
facilities (abstract 27), (3) tax on transportation of property by air
(abstract 28), (4) tax on kerosene for use in commercial aviation
(abstract 77), ( 5) diesel fuel tax (abstract 60), and (6) gasoline tax
(abstract 62). The tax amounts for the four AATF-related abstracts made
up over 97 percent of the total amount certified to the AATF, and the
tax amounts for the two HTF-related abstracts made up over 92 percent
of the total amount certified to the HTF for the quarters ended
December 31, 2007, and March 31, 2008.
[12] The Report of Excise Tax Collection contains prorated collections,
classified by abstracts, that serve as the basis for IRS's quarterly
trust fund certifications.
[13] The planned sample size using MUS was 130 items. MUS selects
dollars versus specific transaction items by dividing the population by
dollar intervals. The dollar interval for AATF was $43 million.
Accordingly, any item with a dollar value matching or exceeding the
interval would be selected, whereas items less than the interval might
not be selected. For example, an item of $86 million would cover 2
dollar intervals, but represent 1 sample item. Because large-dollar
items cover more than one interval, the 65 unique sampled transactions
selected represented 130 dollar intervals.
[14] For this sample, if no errors were found in testing the 45 items,
we would be 90 percent confident that the error rate in the population
would not exceed 5 percent.
[15] The planned sample size using MUS was 135 items. As explained in
footnote 13, MUS selects dollars instead of specific transaction items
by dividing the population by dollar intervals. The dollar interval for
HTF was $143 million. Because large-dollar items cover more than 1
interval, the 91 unique sampled transactions selected represented 135
dollar intervals.
[16] The purpose of this procedure is to determine whether the
Collection Certification System prorates correctly. This procedure is
not intended to determine whether amounts provided to the system are
correct.
[17] The certified amounts for tax on transportation of persons by air
(abstract 26), tax on the use of international air travel facilities
(abstract 27), tax on transportation of property by air (abstract 28),
and tax on kerosene for use in commercial aviation (abstract 77) made
up over 96 percent of the total amount certified to the AATF for the
quarters ended September 30, 2007, December 31, 2007, March 31, 2008,
and June 30, 2008.
[18] IRS uses data from two of these reports, covering sequential
processing intervals, for each quarterly certification. Collections are
classified by abstract on the report when the related Form 720 tax
return has been posted to IRS's master file during the processing
interval covered by the report. The two reports used may contain
collections related to prior quarters that IRS certifies as part of the
current quarter's collections because the related return was not posted
to the master file until the processing intervals covered by these
reports.
[19] The Treasury 90 Report summarizes excise tax credit information
and is produced quarterly by IRS submission processing campus systems.
IRS has seven submission processing campuses that receive and process
tax returns and payments.
[20] For this procedure, "significant" is defined as $55 million. This
represents approximately 2 percent of the total amount certified to the
AATF for the quarters ended September 30, 2007, December 31, 2007,
March 31, 2008, and June 30, 2008.
[21] The transfer forms denote the amounts estimated by OTA for
transferring excise taxes to the trust funds.
[22] A positive amount indicates that the FMS adjustment increased
excise taxes distributed to the trust fund. A negative amount, shown in
parentheses, indicates that the FMS adjustment decreased excise taxes
distributed to the trust fund.
[23] OTA makes semimonthly estimates of excise tax collections for
transfer to trust funds. There are five semimonthly estimates for the
quarter ended September 30, 2008, which affect fiscal year 2008
distributions to the AATF.
[24] The transfer amounts for tax on transportation of persons by air
(abstract 26), tax on the use of international air travel facilities
(abstract 27), tax on transportation of property by air (abstract 28),
and tax on kerosene for use in commercial aviation (abstract 77) made
up over 96 percent of the total amount transferred to the AATF for the
fourth quarter of fiscal year 2008.
[25] The source documents include the IRS report of excise taxes used
to derive the percentages applied to reported receipts, the Daily
Treasury Statement, the Monthly Treasury Statement, and the excise tax
rate table.
[26] Section 11161 of Pub. L. No. 109-59 (2005), Treatment of Kerosene
for Use in Aviation, taxes all kerosene taxpayers at the standard
kerosene rate, unless a taxpayer had removed the kerosene from a
refinery or terminal directly into an aircraft's fuel tank and thus
qualified for the lower aviation kerosene tax rate. Amounts received
under the standard kerosene tax are initially deposited in the HTF. If
a taxpayer subsequently used the kerosene in aviation, the taxpayer is
eligible for the lower tax rate associated with aviation kerosene and
can request a refund. The amount of this refund is transferred from the
HTF to the general fund. The amount of the kerosene tax collected from
the taxpayer, net of refunds, is transferred from the HTF to the AATF.
[27] The adjustments for the quarters ended September 30, 2007,
December 31, 2007, March 31, 2008, and June 30, 2008, were included in
the IRS receipt certifications, and the adjustment for the quarter
ended September 30, 2008, was included in the OTA estimates. The
adjustment amounts represent excise taxes transferred to the AATF from
the HTF.
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441 G Street NW, Room 7125:
Washington, D.C. 20548:
Public Affairs:
Chuck Young, Managing Director, youngc1@gao.gov:
(202) 512-4800:
U.S. Government Accountability Office:
441 G Street NW, Room 7149:
Washington, D.C. 20548:
