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Activity Number:
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502
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Type:
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Topic Contributed
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Date/Time:
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Thursday, August 7, 2008 : 10:30 AM to 12:20 PM
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Sponsor:
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Business and Economics Statistics Section
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| Abstract - #301340 |
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Title:
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How To Help Businesses Make Sampling Decisions
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Author(s):
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Eric T. Falk*+
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Companies:
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Ernst & Young LLP
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Address:
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1101 New York Ave. NW, Washington , DC, 20005,
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Keywords:
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Statistical Sampling ; Precision ; IRS Stat Sampling Requirements
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Abstract:
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Businesses are increasingly using statistical sampling as a way to more efficiently quantify their business related activity. Currently businesses use statistical sampling to estimate meals and entertainment deductions, qualifying research expenditures and qualifying domestic manufacturing deductions to name a few. The Internal Revenue Service allows statistical sampling when there is a "facts and circumstances" type situation and the cost and time to research all records in the population is unreasonable. However, there are restrictions to the use of statistical sampling by the IRS and taxpayers are forced to use least advantages confidence interval bounds from statistical samples not meeting certain precision requirements. This paper will discuss analysis and advice that is provided to companies so that they can plan whether statistical sampling will help them make tax decisions.
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- The address information is for the authors that have a + after their name.
- Authors who are presenting talks have a * after their name.
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