The IRS aims to double audits for the richest Americans in the next three years While most returns are accepted, some face greater scrutiny from the agency The agency will use funding to improve ...
READ MORE: IRS says number of audits is about to surge: Here’s who is most at risk The deadline to claim a refund is May 17 and there’s no penalty for failure to file if a refund is due. Under ...
“As I’ve said over and over again, there is no new wave of audits coming for middle- and low-income (taxpayers), coming for mom-and-pops. That is not in our plans in any way, shape or form ...
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit in an effort to narrow the tax gap, but it needs to use this new technology consistently and ...
The IRS now has enough money that it can hire more experienced workers to audit both companies and individuals, and it does not have to pick and choose among whom to audit, a managing director at ...
Abraham Kiswani headed a thriving security firm in the Chicago suburbs when he had the bright idea to stop issuing himself payroll checks and instead issue checks that were falsely labeled ...
Middle Class Audits Won’t Disappear While the IRS isn’t ramping up audits of lower- and middle-income households, that doesn’t mean you won’t get audited.
A watchdog has warned of a lack of transparency in the new artificial intelligence software the IRS uses to screen for tax dodgers. The Government Accountability Office (GAO) says tax chiefs don't ...
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 ...
After what it called a successful pilot program, the Internal Revenue Service is expanding its program that lets people file taxes directly to the government for free to all 50 states. Direct File was ...