Many taxpayers get nailed because of the IRS mismatch program need help? Call us today.
IRS history finds that the IRS didn’t start auditing tax returns until many months after tax returns were filed with the Internal Revenue Service.
The IRS was losing billions of dollars
IRS changed their stance around the 2017 tax year. Bad News for taxpayers.
The IRS started the mismatch program to keep up with this huge revenue producer.
They nailed 1.4 million taxpayer for a total of $ 11 billion dollars. Very little manpower is needed for this program because it is no more than a computer match, that is IRS matches your tax return to their computer records of W-2s and 1099s and other miscellaneous documents they received from third parties.
What IRS loves about this it involves very little manpower is all computer driven and at the end of the day collects billions and billions of dollars. Once the computer is set and programed, the dollar start flowing in.
What is the IRS Matching Program?
How does the IRS Matching Program Work?
1.The IRS receives your tax return,
2. The IRS matches your tax return against Forms W-2,1099’s and other income docs that they received from third parties.
3. If you wish to know what documents IRS has you, you can simply order a wage and income transcript for the last six years and you will find out all the information IRS has on stored up on your Social Security number.
4. If the IRS finds a mismatch, the IRS freezes the refund and sends a cp 200, the first tax notice to the taxpayer asking for more information to prove their income and withholding and then follows up and ask for payment.
Why did the IRS Start Income Matching?
Until 2017, the IRS couldn’t properly scrutinize tax returns before issuing refunds.
Their computers were not properly programmed to find all the errors and all fraud. IRS knew they had to put built-in filters to correct the tax returns so no money was escaping the federal revenue.They did was very effective. It helped stop tax cheats and started collecting revenue dollars.
The PATH ACT transformed this issue by helping the IRS fight stolen identity refund fraud and allowing the IRS to correct some of the fraud and tax cheats, and those who have made just simple mistakes but still cost the government revenue dollars before sending refunds.
If you have received mismatch notice or CP 2000 and you need to get it corrected or you can’t pay your bill call us today.
If You Are You a Victim of the IRS Mismatch Program & Received IRS CP2000, call us today, free consults.
