Personal Income Tax Discrepancy
Our office audit staff is currently working on the personal income tax "Discrepancy” program for tax year 2015. This program involves matching data items on the Vermont IN-111 and related schedules with information from the IRS and other state agencies. If information is inconsistent or not reported, we will contact the taxpayer with a proposed correction.
As of June 30, 2018, we have contacted over 1,600 people with a "Preliminary Notice of Audit Findings" that total about $2.9 million in tax. We have created a Discrepancy Reference Guide to help explain the letters we are issuing for this program.
As 2018 progresses, we’ll move on to personal income tax non-filers for 2014 and 2015. These are folks who have filed a return with the IRS and/or received income and have a Vermont address, but did not file a Vermont personal income tax return at all.
Go back to the Compliance Corner.