In response to pressure from congressional Republicans to root out incorrect payments of the credit, the IRS audits EITC recipients at higher rates than all but the richest Americans. Kim M.

The IRS said in a news release Thursday that it’s aiming to nearly triple its audit rate, to 22.6%, on corporations with ...

But does it hold water for federal government agencies like the IRS whose hundreds of out-of-date systems house your taxpayer data? After a recent audit, the federal tax agency was confirmed to ...

The IRS received $80 billion in funding as part of the Inflation Reduction Act of 2022. Expanded enforcement, including more audits, is one way the IRS plans to use the money. Large corporations ...

Get ready, taxpayers: The IRS is planning to make good on its promises for a major overhaul. The Inflation Reduction Act Strategic Operating Plan, released April 5, 2023, lays out the details of ...

Computer keyboard, ... [+] calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Tax advisers use the term 'disclosure' frequently, and it can ...

The IRS will also deploy AI and similar automated technology to improve customer service for taxpayers. However, given a history of biased audit algorithms and other missteps at the agency ...

Computer keyboard, ... [+] calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Giving the IRS more time to audit you sounds counterintuitive or ...

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

The Biden administration tried turbocharging the Internal Revenue Service's tax-collection capabilities with billions in extra funding and bold audit targets aimed at rich taxpayers. Those ...

THE FACT CHECKER | Trump cites an Internal Revenue Service audit as his justification for not releasing his federal income tax returns, butt the audit does not prohibit from releasing the returns.