Taxpayers face the risk of an IRS investigation if they commit one of four common mistakes on their tax returns. This warning ...

When it comes to tax compliance, the Internal Revenue Service (IRS) is vigilant in ensuring that all income is accurately ...

Navigating the complexities of tax filing can be daunting, especially with the looming possibility of an IRS audit.

The prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...

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The IRS is supposed to focus on audits of corporations and high-income and wealthy taxpayers. But who’s really under the agency’s microscope? Some answers can be found in a new report shedding light ...

For most taxpayers, interactions with the IRS beyond the annual obligation to report income and other financial information is something to be avoided at all costs. IRS agents work tirelessly to sift ...

As ongoing workforce reductions in the IRS raise questions on its ability to chase tax dodgers and serve honest filers, leadership at the agency is betting on modernized technology to pick up the ...

The tax cuts enacted last month aren’t the only good news for high-income taxpayers. The risk of an in-depth audit by the Internal Revenue Service is likely to ease this year, reversing a two-year ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...