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Posted by Harlan Lunsford on September 15, 2007, 3:53 am
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>>>> The IRS e-file standards (Pub 1345a) will not allow you to e-file
>>>> when 50% or more of your gross Form 1099 distribution is withheld
>>>> as taxes.
>>> There is a similar restriction for W-2s. Would anyone care
>>> to speculate as to why the IRS imposes these restrictions
>>> for e-filing?
>> The 50% was an arbitrary percentage designed to indicate the
>> possibility that any such W2 just might be fraudulent. IOW
>> they saw in the early days of efiling that most all the
>> cases of EIC fraud included this one indicator.
> Do they think that these people are less likely to try to
> submit a fraudulent return if they have to mail paper?
>
> If this is a common fraud indicator, why don't they just put
> it in their super-secret audit criteria?
HAH! You're asking ME how THEY think? (grin
ChEAr$,
Harlan Lunsford, EA n LA
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