What if u over inflate all the income numbers.
Basically increase you tax, they will fix it for you to be accurate ?
If you own a restaurant and let’s say you bought a kilogram of tomatoes for a dollar and it spoiled but you don’t claim it as a loss. How can the IRS know this automatically and refund you?
I mean I agree they can for simple people like me who just have a w2 though…
A small discrepancy like forgetting to note wastage would never be caught, assuming it didn’t make it to Quickbooks initially. There has to be some ability to detect and audit what happened in order to correct it. This is partly why restaurants have been historically useful for laundering and fronting criminal operations.