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PAD-77-3 1 (1976-10-20)

handle is hein.gao/gaobaabty0001 and id is 1 raw text is: ;55! LM100252 B-137762 .. b> th The Honorable Charles A. Vanik z o 76 Chairman, Subcommittee on Oversight Committee on Ways and Means House of Representatives Dear Mr. Chairman: Your letter of October 2, 1975, reauested that we study the timeliness of Statisti:s of Income (SOI) data. We have studied the timing problems involved in producing the two most important reports in the series (those for individual and corporation income tax returns) and have prepared answers to your specific questions. A summary of our study, a short background description of the SOI process, and the answers to your questions are presented below. SUMMARY AND CONCLUSIONS In brief, SO! publication schedules have considerable built-in lags. Even these generous schedules often are not met. We co tcluded that, although some delay between the income year and the filing and prc¢essing of the returns is unavoidable, some of the lag is due to such inefficient and questionable procedures as the manual typing of all tables for printing, searching repeatedly for errors, and including nonessential features in the reports (such as color printing and some textual material). Perhaps the most important rea- son for the lag lies in the practice of giving lower priority to a timely product than to such other factors as the quality of the data, the writing and reviewing of the text, and the appearance of the report. The Internal Revenue Service (IRS) is aware of many of these problems and has made some progress in improving effi- ciency within the past year. Possibilities for further improvements exist. Fcr example, the schedules could be tightened considerably by adopting some form of computer composition for printing the SOI tables, as most other sta- tistical reporting agencies have done. The reports could be released sooner by eliminating special features that tend to delay publication. Other possibilities which could, with sufficient study .ane attention, contribute to a more timely product include revision of the time frame of the samples and redefining the cuality standards. Finally, the need to PAD-77-3

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