The Daily Overview on MSN

4 IRS Mistakes That Could Trigger an Audit

Taxpayers face the risk of an IRS investigation if they commit one of four common mistakes on their tax returns. This warning ...
Money Digest on MSN

What Actually Happens When You Get Audited By The IRS

Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs ...

It’s Time for Structural Reforms at the IRS

President Trump began his second term with bold steps to rein in bloated federal bureaucracy and restore accountability ...
New York Post

The IRS says audits are about to surge — here’s who’s most at risk

The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...
Kiplinger

Does the IRS Audit Some Taxpayers More Than Others?

It’s no surprise that many people distrust the IRS and IRS audits. The confusing nature of tax laws and the IRS potentially reexamining your federal income tax return, can be daunting. So, it’s not ...
Soy Aire on MSN

Common Reasons Why the IRS Conducts Audits

Navigating the complexities of tax filing can be daunting, especially with the looming possibility of an IRS audit.
JD Supra

The IRS Expands the Use of ADR Programs to Resolve Tax Disputes and Other Newsworthy Procedural Stuff

The Internal Revenue Service ("IRS") is doubling down on its primary alternative dispute resolution ("ADR") tools. It is clear that the IRS ...
Accounting Today

IRS more likely to audit Black taxpayers

The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, mainly due to automated algorithms that flag discrepancies in claims for tax credits, according ...
JD Supra

How to Prepare for an IRS Audit

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 ...
KCCI Des Moines

IRS pledges more audits of wealthy, better customer service

The IRS released details Thursday on how it plans to use an infusion of $80 billion for improved operations, pledging to invest in new technology, hire more customer service representatives and expand ...
CBS News

IRS says it has a new focus for its audits: Private jet use

First, there were trackers on Taylor Swift and other celebrities' private jet usage. Now, the IRS is scrutinizing businesses' use of private aircraft, with the tax agency announcing that it will ramp ...
NPR

Does the IRS audit some people more often than others?

NPR's Steve Inskeep talks to Evelyn Smith, an author of a new study that concludes Black taxpayers face Internal Revenue Service audits at a much higher rate compared to other demographic groups. Is ...