NCJ Number
134292
Date Published
1991
Length
24 pages
Annotation
This analysis of the U.S. Customs Service's controls over sales of property seized and forfeited during its law enforcement activities concluded that the Service has improved these controls related to contractor compliance with the Internal Revenue Code requirement that cash sales of more than $10,000 be reported to the Internal Revenue Service.
Abstract
The analysis also focused on the adequacy of controls designed to ensure that sales of forfeited property are not sold to prohibited parties including the Customs Service, the contractor, and subcontractor employees who have control over the property. Results showed that the previous contractor did not file IRS returns associated with transactions because its officials believed that the company was not subject to the reporting requirement. Customs officials report that the current management contractor is filing the required returns. Analysis of 3,675 records also showed that most purchases appeared to be proper. Agency comments and appended methodological information, tables, and agency comments