Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...
"Weaponization" of IRS audits by a US President is a concern held by many. How likely is it? I asked legal experts and IRS Commissioners who served under Trump and Biden.
The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.
The IRS will begin accepting returns between Jan. 15 and 31. And even though tax changes could be coming as President Donald ...
So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...
Senate Finance Democrats want Scott Bessent to submit to an IRS audit and release his tax filings ahead of panel vote Tuesday.
Meanwhile, another set of orders involves federal workers. Aside from wanting workers to return to offices, the new president ...
The IRS and auditors reportedly don't consider race when selecting audits. However, algorithms disproportionately targeted Black taxpayers who claimed the EITC on their tax returns. So ...
A: You should keep copies of all records relating to your income tax returns for as long as they may be relevant to the IRS in determining how much tax you owe. The IRS generally has three years ...
The IRS is also struggling with the tax audit directive not to increase audit rates for those making less than $400,000 a year. Before looking at the specifics of the IRS contingency plan ...