WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Senate has officially ...

This tax season, there have been heightened concerns about IRS audits as the agency begins to deploy its nearly $80 billion in funding. Stream NBC 5 for free, 24/7, wherever you are. WATCH HERE While ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

In a major relief to taxpayers and professionals, the Rajasthan High Court has ordered the Central Board of Direct Taxes (CBDT) to extend the deadline for filing tax audit reports (TARs) and related ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

President Trump is reversing the Biden plan to increase tax revenue through more enforcement. By Ben Blatt The Internal Revenue Service’s audit rate has been lower this decade than in most taxpayers’ ...

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration. By Ben Blatt It was a promise repeated many times by ...

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Regardless of your income, you shouldn't round numbers or estimate ...