Jr. Abstract Using data provided by the Internal Revenue Service from the Taxpayer Compliance Measurement Program, this study attempts to determine whether individual taxpayers who owe additional tax when they file their returns are generally less compliant than those who are due refunds. The findings suggest that differences in compliance rates exist and seem to be persistent regardless of the size of the balance or refund due, the filing status, the level of adjusted gross income, or the primary sources of income. This article examines the publication records of tax accounting faculties for the years 1981 through 1988 to analyze the publication environment that faces the business-school tax researcher. Trending models are formulas used to estimate an asset's current market value by adjusting its depreciated historical cost for inflation effects. This study examines the accuracy of state tax valuation models in estimating market values using a sample of depreciable assets.
Results show that state models currently used vary widely in estimation accuracy.
However, when the variables are chosen properly, trending models can give reasonably accurate estimates of current market values of depreciable assets.