The Department has recently invested some resources in examining some of our large corporate taxpayers. Due to confidentiality restrictions of IRS Publication 1075 and the relatively small pool of companies affected, we can not disclose detailed information.
Our office audit staff is currently working on the personal income tax “Discrepancy” campaign for 2015. This program involves data management to match items on the Vermont IN-111 and related schedules with information from the IRS and other state agencies.
Commissioner Craig Bolio
133 State Street | Montpelier, VT 05633