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.