Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more attention than you might expect.
IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.
Think your return is safe? Some tax numbers could suggest otherwise and increase your risk of an IRS audit. Here is what ...
The Internal Revenue Service has launched a new initiative using artificial intelligence to detect and penalize tax evasion amongst 75 hedge funds, private equity groups, real estate investors, and ...
IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the best protection.
The American Institute of CPAs is urging the federal government to keep all Internal Revenue Service employees working for ...
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 ...
The IRS's new six-year rule offers relief for taxpayers with overdue returns, but strict refund deadlines remain. Act swiftly ...
In a government shutdown, most federal agencies and workers experience some impact. All "non-essential" work is forced to stop. However, federal agencies have backup plans, and essential services ...