Many IRS notices are triggered when the income reported on your tax return doesn’t match the tax forms the IRS already has on file for you. That’s because employers, banks, and investment firms send your forms not just to you, but directly to the IRS, and the IRS uses an automated matching system to compare those numbers to what you report on your return. If something is missing or off, you can get a notice proposing extra tax, penalties, and interest. One of the simplest ways to lower that risk
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Many IRS notices are triggered when the income reported on your tax return doesn’t match the tax forms the IRS already has on file for you. That’s because employers, banks, and
Brandon Galici. Brandon Galici · Original audio. Many IRS notices are triggered when the income reported on your tax return doesn’t match the tax forms the IRS already has on file for you. That’s because employers, banks, and investment firms send your forms not just to you, but directly to the IRS, and the IRS uses an automated matching ...
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