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 ...
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 ...
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.
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 ...
WASHINGTON — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of ...
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 ...
Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a 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 ...