These are the most common mistakes that can lead to an IRS audit, according to a tax lawyer. Here's how to avoid them.
As tax season unfolds in the United States, the IRS is actively processing returns and issuing refunds. However, taxpayers ...
Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 ...
“All of a sudden, these cases are going to be closed and we’re going to look like idiots,” said a senior revenue agent, who ...
The IRS is working on a plan that would see its 90,000-strong workforce reduced by as much as half, the AP's sources say. The ...
New reports indicate that Elon Musk may hit the agency with a second round of mass layoffs, and that audits could be ...
As the deadline for filing your IRS tax return approaches, it's crucial to be aware of the increased audits planned for 2025.
Correction: This article was updated to remove a reference to House Ways and Means Committee Chairman Jason Smith’s (R-Mo.) ...
The IRS may close over 100 offices nationwide due to DOGE cuts, potentially disrupting taxpayer services and in-person ...
Armed bureaucrats from various regulatory agencies should not be rolling up to our doorsteps to set us straight.
Understanding the criteria used by the IRS can help alleviate some of the anxiety associated with the audit process. The IRS ...