Kiplinger shared audit red flags to avoid if you don't want to draw unnecessary attention from the IRS. The IRS receives copies of all the 1099s and W-2s you have, so be sure you report all required ...
The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...
Here's what to know if you are in a dispute with the IRS or waiting for a refund—and how delays could impact next year's tax ...
As of May 2025, the IRS had lost more than 25% of its mission-critical enforcement staff, including auditors who handle ...
The Internal Revenue Service (“IRS” or the “Service”) aggregates, reviews, and analyzes taxpayer data and determines whether ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
Question: My wife and I just received a letter from the IRS demanding additional taxes, interest, and penalties for our 2022 tax returns. We switched brokerage houses in the middle of 2022 and ...
We are often asked how to prepare for an IRS audit. The first and most important thing to know is that speaking directly with the IRS is not in your best interest. IRS Revenue Officers (auditors) are ...
Filing season can be a stressful time for many Americans. The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming ...
The Internal Revenue Service is preparing to lean on artificial intelligence to keep taxpayer services running even as its ...