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 ...
The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more ...
Those who received a CP14 form but paid their taxes in full and on time can disregard the notice, says the IRS. However, if ...
The IRS has announced a plan to increase audits as a result of an uptick in tax fraud. Some taxpayers are more likely to be targeted than others. Here’s how to know where you stand. After the ...
“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 ...
While the IRS isn’t ramping up audits of lower- and middle-income households, that doesn’t mean you won’t get audited. “There are multiple ways you can be selected for an audit,” Sasmaz ...
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 ...
Investing in a Gold IRA presents both opportunities and considerations for retirement planning. A Gold IRA, or individual ...
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 ...