The Internal Revenue Service (IRS) has announced a more rigorous approach to audits in the upcoming tax season. This move aims to identify inconsistencies and ensure that taxpayers are adhering to ...

The Internal Revenue Service (IRS) announced new guidance on Friday aimed at dramatically reducing examination times for corporate taxpayers while making the audit process more collaborative and ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...

There's no denying that feeling of relief once you e-file or mail in your federal income tax return. Whether you're expecting a fat refund or wound up owing Uncle Sam some money instead, at least the ...

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you face a tax audit and can legitimately point ...

With the tax filing season officially closed—including the October 15 extensions—the Internal Revenue Service (IRS) is preparing to resume its audits after the prolonged government shutdown during the ...

Listen, you’re not alone. The fear of an IRS audit is such a common fear among business owners. The thought of having to look through all your documentation and spend hours searching, calling and ...

The IRS audited 2.3% fewer returns in fiscal year 2022 compared to 2021, the Internal Revenue Service Data Book shows. But even with fewer audits, the agency kept a close watch on credits and ...