The Internal Revenue Service (IRS) has commenced its annual tax season activities, diligently processing returns and issuing refunds. However, taxpayers should be aware that certain errors in their ...

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 ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.

Each year, millions of taxpayers in the United States find themselves under the watchful eye of the Internal Revenue Service (IRS). A seemingly minor error on your ...

Read more: The IRS Is More Likely To Consider You For Audit If You Make These 12 Mistakes ...

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The Internal Revenue Service (IRS) announced new guidance on Friday aimed at dramatically reducing examination times for corporate taxpayers while making the audit process more collaborative and ...

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Stream Connecticut News for free, 24/7, wherever you are. Regardless ...

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Regardless of your income, you shouldn't round numbers or estimate ...