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Comparison of Tax Return and Tax Transcript Data
2011 Tax Year
FAFSA instructions direct applicants to obtain information from certain lines on IRS income tax returns, which DI?er based
on whether
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What is comparison of tax return?
Comparison of tax return is a process of comparing the filed tax return with previous years' tax returns to identify any discrepancies or changes in tax liability.
Who is required to file comparison of tax return?
All individuals or entities that have filed tax returns in previous years are required to file comparison of tax return.
How to fill out comparison of tax return?
To fill out comparison of tax return, you need to gather your tax returns from previous years and compare them to identify any changes or discrepancies in income, deductions, and tax liability.
What is the purpose of comparison of tax return?
The purpose of comparison of tax return is to ensure accuracy and consistency in tax reporting, detect any errors or discrepancies, and identify any potential tax fraud or tax evasion.
What information must be reported on comparison of tax return?
On comparison of tax return, you must report the relevant information from your previous years' tax returns, including income, deductions, tax credits, and tax payments.
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