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 ...
A view of the Internal Revenue Service building. (Chip Somodevilla / Getty Images) An IRS pilot program that uses artificial intelligence to select audit cases and identify noncompliance didn’t ...
A colleague recently was audited by the IRS. Do you have any tips for preventing an audit on my tax return? The word “audit” strikes fear in the hearts of most people. Audits are a common concern for ...
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 ...
The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022. Last year, the IRS announced a restructured ...
When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The ...
The IRS announced it issued Publication 5125, Large Business & International Examination Process (LEP), which outlines a new examination process that will apply beginning May 1, 2016, to all taxpayer ...
Defense Secretary Pete Hegseth on Monday alleged that the Biden administration “rushed” an IRS audit of him after he was nominated, suggesting that the former administration ordered a politically ...
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