A tax audit is an examination of an individual or business tax return by the IRS to ensure the taxpayer has accurately reported income and paid the correct amount of taxes. Tax audits can be triggered ...

We explain who is likely to be audited by the IRS and what you can do to minimize your chances with tax software and other methods. I write about money. I’ve been reviewing tax software and services ...

There is a lot of chatter about the $80 billion of increased funding for the IRS in the Inflation Reduction Act, which President Biden signed into law on Tuesday. The burning question on everyone’s ...

A study of 2022 IRS tax audit data found that a taxpayer in the lowest income bracket is five times more likely to face an audit that would a member of the highest income bracket. "The IRS ...

The IRS said Friday it is ramping up a crackdown on wealthy taxpayers who owe back taxes, noting that the effort springs from billions in new funding through the Inflation Reduction Act partially ...