Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the right to get help if you need it.
The IRS will begin accepting returns between January 15 and the 31st. And even though tax changes could be coming as ...
Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has to audit you.
The holidays are over and now it’s time to focus on the new year. First things first, taxes. The IRS will begin accepting returns between January 15 and the 31st. And even though tax changes could be ...
It's important to note that the IRS has always expected individuals to report all taxable income, which includes money you make from selling goods and services as a business. Typically ...
Otherwise, inaccuracies when filing could trigger an IRS audit. It also helps to work with a professional bookkeeper or accountant who can help you get organized and make sense of your tax ...
WASHINGTON (AP) — The IRS boosted taxpayer services through Democrats’ Inflation Reduction Act but still faces processing claims from a coronavirus pandemic-era tax credit program and is slow ...
WASHINGTON (AP) — The IRS boosted taxpayer services through Democrats’ Inflation Reduction Act but still faces processing claims from a coronavirus pandemic-era tax credit program and is slow to ...
June 2023, Paper: "We estimate the returns to IRS audits of taxpayers across the income distribution. We find an additional $1 spent auditing taxpayers above the 90th income percentile yields more ...
where reports have shown the IRS has underutilized this form in the past for auditing returns. The agency agreed to look more closely at its process for identifying 1099-Ks to audit, and these ...
There should be an independent audit of the projected cost and of what was already spent in order to determine whether fraud or corruption played any role in rising costs. How much was paid to ...