730 Pre-Collected, How Checks Work and New Rules on Documents That Must Be Filed

New rules for documents to be kept 730 prepacked. If the expense items for deductions already filled in are accepted by the tax authorities on the basis of information provided by third parties without amendments, there is no need to keep the documents. Whereas those who have only partially amended a Form 730, incorporating or correcting previously collected information, will only be subject to an examination of that data, so they will only have to retain documentation to support the modifications made.

The New 730 Pre-Collected Bugs That Activate Revenue Agency Controls: Here’s What’s Changing

When the checks are blown

Tax checks on tax returns are now of two types:

1. only on changes to previously collected data (by December 31 of the second year following submission of the declaration);
2. or generalized, if 730 or PF income is filed through brokers or withholding agents. The premise that all documents of declared data and supported expenses can be requested, even if they are known to the tax authorities.

Regulatory provisions

If there are no changes by the taxpayer to the data provided by third parties that are indicated on Form 730 or previously collected income, the formal examination will not take place on these items. This is stipulated in Article 5 bis (official monitoring of pre-made advertisements) contained in Legislative Decree 146/2021. On the other hand, for modified items, control is limited to the documents that caused the modification. It should be emphasized that the checks are also activated in the event of a refund of the 730 in an amount exceeding 4,000 euros.

Risks

Formal violations do not mean forfeiture of tax benefits that are limited to the violation or omission found. If the violations found are related to incentive disbursement, forfeiture applies to irregular or omitted interference. If it is confirmed that the requirements conferring the right to a tax deduction are not met, not only is the refund triggered, but interest and penalties are also applied.

Mistakes must be avoided

Discrepancies in the tax return deserve a separate chapter. What are the mistakes to avoid?

• Deviation by significant amounts compared to data on payment forms, individual testimonials, and previous year’s declarations;
• other elements of significant inconsistency with data provided by third parties or disclosed in CUs;
• Danger cases based on infractions that have already occurred in previous years.

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