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Form difference refers to discrepancies in the information reported on a tax form when compared to the information the IRS has from other sources.
Taxpayers who have discrepancies in their reported income, deductions, or credits compared to what the IRS has on record are required to file a form difference.
To fill out a form difference, gather documentation showing the correct amounts and complete the form with accurate information, ensuring to highlight the discrepancies.
The purpose of filing a form difference is to correct discrepancies between the taxpayer's records and what the IRS has, ensuring accurate tax reporting and compliance.
Information to report includes the taxpayer's identification details, revised figures for income, deductions, or credits, and an explanation of the discrepancies.
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