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 ...

Contractors in construction are among the most frequently audited industries by the IRS. Proper documentation and organized records are essential to reducing audit stress and time. Hiring an enrolled ...

Taxpayers sometimes find themselves opening an envelope bearing the return address of the Department of the Treasury. Inside may be an IRS notice assessing additional tax, proposing changes to prior ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

High-income individuals who earn more than $1 million a year are the most likely to get audited by the IRS. The IRS also pays ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

Just looking at the raw numbers, less than 1% of filers have been audited by the IRS in recent tax years. Based on the latest ...

Victory Tax Lawyers is a Los Angeles-based firm that offers attorney-led representation for resolving IRS tax debt. The firm assists with various IRS relief programs, including installment agreements ...

The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, rights, and possible outcomes, ensuring clarity on compliance requirements ...

The just-completed tax season is plunking another 160 million tax returns on the IRS’s front doorstep. And if you reported more than $400,000 in income, the likelihood you’re going to be audited will ...