Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by refurb on Saturday September 26, 2020 @10:50PM
(#24603827)
The IRS selects which returns to audit based in part on a statistical formula that identifies returns most likely to be at risk of having an error
So yes, you're correct. Analyzing whether or not someone is eligible for EITC (those making less than ~$50,000) can be automated and if flagged, a letter sent telling them they aren't eligible or asking for more information.
So yes, you're correct. Analyzing whether or not someone is eligible for EITC (those making less than ~$50,000) can be automated and if flagged, a letter sent telling them they aren't eligible or asking for more information.
[1]https://www.taxpolicycenter.org/briefing-book/how-do-irs-aud...