General Business Credits: Estimating the Impact of a Regime Change in Mandatory Tax Disclosure

Nathan Seegert, Laura Konda, and Elena Patel, 2019.
In a study that documents the effect of the 2011 redesign of IRS Form 3800, the authors find that while the redesign was successful in increasing compliance after 2011, firms reported 23% more carry-forward general business credits in 2011. Ultimately, this cost the government between $1.4 and $1.8 billion in corporate receipts. [download pdf]