The IRS Screens Filed Tax Returns For Improper Refund Claims
The IRS Screens Filed Tax Returns For Improper Refund Claims
In addition to looking for potential identity theft, the IRS' Return Review Program also screens filed tax returns for other types of refund fraud. The tax system is based largely on what people report. Employers withhold income tax from wages, which gives employees rights to credits against taxes. Those withholdings are reported to the IRS. Employees then report those amounts on their tax returns, potentially entitling them to cash refunds from the government. Because this is all self-reported, there is opportunity for fraudulent claims.
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Видео The IRS Screens Filed Tax Returns For Improper Refund Claims канала Kim & Rosado LLP
In addition to looking for potential identity theft, the IRS' Return Review Program also screens filed tax returns for other types of refund fraud. The tax system is based largely on what people report. Employers withhold income tax from wages, which gives employees rights to credits against taxes. Those withholdings are reported to the IRS. Employees then report those amounts on their tax returns, potentially entitling them to cash refunds from the government. Because this is all self-reported, there is opportunity for fraudulent claims.
#rosadotaxlaw #taxlawyer #taxes #tax #generationalwealth #investingtips #wealthmindset #wealthmanagement #investmentstrategies #taxtime #taxfree #taxpreparer #taxreturn #taxprofessional #wealthbuilder #taxplanning #wealthyminds #investmenttips #taxtips #taxpreparation #taxprep #taxconsultant #taxservices #taxpro #taxlaw #wealthcreation #wealthymindset #buildwealth #investing101 #IRS
Видео The IRS Screens Filed Tax Returns For Improper Refund Claims канала Kim & Rosado LLP
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25 апреля 2022 г. 19:11:37
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