IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the ...
The IRS announced it issued Publication 5125, Large Business & International Examination Process (LEP), which outlines a new examination process that will apply beginning May 1, 2016, to all taxpayer ...
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.
The IRS pays close attention to certain business credits. Without proper documentation, taking this one could put you at greater audit risk.
WASHINGTON – The Internal Revenue Service (IRS) plans to ratchet up its audits for wealthier Americans and major corporations while at the same time tweaking a procedure that has led to a ...
In his response to a university study showing racial differences in audit rates, IRS Commissioner Danny Werfel says in a letter to senators that the agency is investigating the cause of any ...