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 ...
Those who received a CP14 form but paid their taxes in full and on time can disregard the notice, says the IRS. However, if ...
“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 IRS could raise more than $50 billion in revenue over the next decade by ending a major tax loophole for wealthy taxpayers, the U.S. Treasury Department said Monday. The guidance and ruling ...
IRS surveys showed 90% of users ranked their experience as excellent or above with most citing the program’s ease of use, trustworthiness, and that it was free. ©2024 Advance Local Media LLC.
A surging IRS tax penalty may soon cost some Americans billions of dollars. Thousands of Americans who pay their income taxes quarterly instead of through paycheck withholding could face a major ...
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 Internal Revenue Service announced Monday its latest move to crack down on wealthy tax cheats – an ongoing effort boosted by funding received through the Democrat-backed Inflation Reduction Act.
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 ...
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 ...