Скачать или смотреть How Does The IRS Use Data To Find Tax Discrepancies? - Latino Family Filing

How Does The IRS Use Data To Find Tax Discrepancies? Have you ever wondered how the IRS detects discrepancies in your tax return? In this informative video, we’ll explain how the IRS uses data to identify potential issues with taxpayers’ filings. We’ll start by describing how the IRS gathers information from third-party sources like employers and banks through forms such as W-2 and 1099. You’ll learn how these forms are compared to what you report on your tax return to ensure accuracy. We’ll also discuss the Automated Underreporter Program, a key system the IRS uses to automatically review millions of returns each year for mismatches. If discrepancies are found, the IRS reviews these cases to determine if errors were accidental or intentional. When underreporting is identified, taxpayers receive notices requesting clarification or payment. We’ll share tips on how families can keep good records—like pay stubs and bank statements—to stay prepared and avoid issues. Understanding how the IRS uses data can help you stay compliant and respond effectively if contacted. Remember, the goal of these systems is to ensure everyone pays their fair share. Stay informed and proactive about your taxes by watching this video.

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About Us: Welcome to Latino Family Filing! Our channel is dedicated to helping Latino families navigate the world of taxes with ease. We cover important topics like bilingual tax preparation, filing taxes as an immigrant, and understanding tax credits available to Latino families, such as the Child Tax Credit and Earned Income Credit. You'll also find essential advice on ITIN vs. SSN for taxes, self-employed tax tips, and guidance for first-time filers. We aim to educate and empower our community with the tools needed for successful tax filing.