The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the "congressional watchdog" GAO investigates how the federal government spends taxpayer dollars. The head of GAO, the Comptroller General of the United States, is appointed to a 15-year term by the President from a slate of candidates Congress proposes. Gene L. Dodaro became the eighth Comptroller General of the United States and head of the U.S. Government Accountability Office (GAO) on December 22, 2010, when he was confirmed by the United States Senate. He was nominated by President Obama in September of 2010 and had been serving as Acting Comptroller General since March of 2008. The federal Registration Department is part of the U.S. Government Accountability Office.

Our Mission at the Federal Registration Department is to help improve performance and ensure the accountability of taxes on US Sweepstakes Awards, to benefit all American people.

Our Work is done at the request of congressional committees or subcommittees of the IRS. As of January 2nd 2012, the Obama administration has implemented a 1% Federal Refundable Registration insurance, on Sweepstakes awards in excess of one hundred thousand ($100,000.00) . The purpose of the 1% refundable insurance is too safe guard the delivery of you're sweepstakes check, 1099-W-30 tax document, and insurance document with refund check. The patriot act was implemented after 911, any movements of money over $100,000 dollars crossing state lines must be insurance. The award winner is responsable for depositing the insurance money, witch the sweeps company will refund to the award winner.

Authorize Personnel For Processing (1%) Registration Tax


Section Chief

• John Nichols
  Phone: 202-449-0066

Agents

• Frank Diaz
• David Moore
• Julian Duran
• Dan Springfield

Chief Administrator

• Kenneth Hoffman
  

Note: Any information regarding awards to recipients is classified, for the safety of the award winner.

Conditions of disclosure
The Privacy Act states in part
No agency shall disclose any record which is contained in a system of records by any means of communication to any person or any other third party.

Our Core Values of accountability, integrity, and reliability are reflected in all of the work we do. We operate under strict professional standards of review and referencing; all facts and analyses in our work are thoroughly checked for accuracy.

Auditing agency operations to determine whether federal funds are being spent efficiently.
Performing policy analyses and outlining options for congressional consideration.

Alternative Minimum Tax
The regular tax law excludes certain kinds of income and provides deductions and credits for certain expenses. Enacted by Congress in 1969, the alter minimum tax (AMT) attempts to ensure that individuals and corporations that benefit from certain exclusions, deductions, or credits pay at last a minimum amount of tax.

The AMT is the tentative minimum tax over the regular tax.

Thus, the AMT is owed only if the tentative minimum tax is greater than regular tax. In general, the tentative minimum tax is computed by (1) starting with taxable income for regular tax purposes, (2) eliminating or reducing certain exclusions, deductions, and credits (generally, business-related credits) that are allowed in computing the regular tax (3) subtracting the AMT exemption amount, (4) multiplying the amount computed in (3) by ATM rate, and (5) subtracting AMT foreign tax credit. (6) Any Income Earned by Gaming and Sweepstakes is subjected to 4% percent excise tax. This is to prevent the possibility of the individual spending all their money prior to tax season and avoiding paying the AMT tax. A possible exception can be applied to this tax depending on the situation.

The AMT exemption amount and AMT rate are set by law. For capital gains and certain dividends, the rate in effect for the regular tax is used.

Note: The G.A.O. Federal Registration Department has sole responsibility to collect any AMT taxes, in regard to any gaming, which include casinos, lotteries and sweepstakes, the department will be responsible to collect these taxes, and disbursements of these earnings won.

We advise Congress and the heads of executive agencies about ways to make the government more efficient, effective, ethical, equitable and responsive.

Our work leads to laws and acts that improve government operations, saving the government and taxpayers billions of dollars.