Innocent Taxpayers Could Face IRS Audits as Agency Mines Mortgage Payment Data for Individuals With Unfiled Tax Returns
Tuesday, September 15th, 2009The IRS is stepping up its creativity by utilizing resources that stem beyond the basic IRS database. Recently, the IRS announced that it plans to expand a program that cross-references between the IRS database and mortgage payment databases to catch any inconsistencies.
The Treasury Inspector General for Tax Administration announced that the IRS will use the mortgage-interest payment databases to inspect and find non-filers as well as people who reported less
