Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How the IRS primarily uses the computer-based Discriminant Inventory Function (DIF) score to select returns with a high potential for error. - The critical role of Information Matching Programs in flagging discrepancies between taxpayer-reported income and third-party forms like W-2s and 1099s. - Various other selection methods, including examinations of related taxpayers, informant referrals, and targeted IRS campaigns. - The three main types of examinations—correspondence, office, and field—and when each is typically used. - The crucial exam point that selection for an examination does not, by itself, imply the taxpayer has done anything wrong. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep