BobKamman
Level 15
04-17-2021
11:05 PM
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What they want and what they get are both limited by what is possible. Some of us choose to apply the Cohan rule to EIP reporting.
If a taxpayer reports nothing for RRC, IRS will accept that. If a taxpayer reports something, IRS will check its accuracy in every case and correct the amount, up or down, based on the numbers they have readily available.