IRS Tries to Pre-Verify Tax Refunds

Right now, the IRS doesn’t check entity cross-matching with individual tax returns until after many tax refunds for these individuals have been paid.  See this article in AccountingToday by Michael Cohn for more details:

http://www.accountingtoday.com/news/IRS-Tries-Pre-Verify-Tax-Refunds-67004-1.html?ET=webcpa:e7198:204199a:&st=email

While it would make sense to pre-verify these and other returns, until a procedure is in place to handle this accurately and quickly, it will be some time before this is a viable alternative to the IRS.

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