A proposed $83 billion investment in IRS enforcement could reshape the landscape for millions of Americans who owe back ...
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 ...
Is an IRS audit less likely amid agency cuts? Some issues are still ‘low-hanging fruit,’ expert says
As of Dec. 18, the IRS was about 27% smaller compared to the start of 2025, with the workforce falling from more than 102,000 in January 2025 to about 74,000 in December. Despite staffing cuts, the ...
Imagine an IRS employee sitting down to play chess against a potential tax evader, and now suddenly you have IBM Watson on your side telling you exactly how to play the chess game,” former IRS ...
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. For many taxpayers, the possibility of an IRS audit can be intimidating ...
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 ...
One of the new realities for U.S. taxpayers includes the responsibility for managing an IRS correspondence audit. What should you do if you are contacted regarding any form of IRS audit? Did you know ...
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 ...
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 ...
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 ...
The odds of being selected for an audit are pretty small. Some behaviors, however, can boost your chances. Sometimes, a few adjustments are all you need to avoid being in the audit pile. You've seen ...
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