President Joe Biden promised that tens of billions of dollars for the IRS in the 2022 Inflation Reduction Act would not be used to increase audits of individuals making $400,000 or less annually. But ...

An audit from a government watchdog alerted the IRS of the mistake and the agency took steps to credit the tax accounts ...

The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. The IRS recently surprised tax experts by issuing a new version of ...

The 2022 Inflation Reduction Act (the “IRA”) allocated $80 billion in funding to the Internal Revenue Service (“IRS”), much of which was earmarked for increased enforcement efforts. After some starts ...

IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up. Provided by Dow JonesMay 4, 2024 2:30pm Andrew Keshner IRS releases new specifics on its plans for using ...

Filing season can be a stressful time for many Americans. The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...