Re: [vpFREE] Stimulus check

 

Just curious ... have you dispensed the tax advice to clients that they might reasonably expect to avoid detection when omitting gross income revenue from their tax return?


-----Original Message-----
From: Jeffrey Wilens jeff@lakeshorelaw.org [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Wed, Apr 22, 2020 7:09 pm
Subject: RE: [vpFREE] Stimulus check



Less than 1% of returns and even then they rely heaving on AI to identify problems.  For example, you claim $40,000 in business income but you have a property tax deduction that is consistent with a $1.5 million dollar house. Obviously any discrepancies between 1099's and reported income can be detected by the AI as well.  Apart from that, they are looking for very high income people for the most part, especially business owners.
 
 

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