Millions of taxpayers continue to struggle with delays in refunds from the IRS, a new tax advocate report says.

Roughly 8.7% of those who earned $10 million or more were audited in 2019. IRS audit statistics released in May 2022 show that your chances of being audited are slim (less than half of 1%—only 0 ...

Ernst is introducing the Audit the IRS Act on Monday afternoon ... crime,' I would strongly urge you to routinely check the ...

Your chances of being audited are low. In 2022, the IRS audited only 626,204 out of 164 million returns. That’s an audit rate of less than 0.4%. Since then, the number of audits dropped even more.

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 ...

Then, the IRS audits those returns that stand out ... such as the earned income tax credit or the taxpayer’s filing status, and requests that the taxpayer provide documentation to support ...

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 ...

A significant reason for an IRS audit is the failure to declare all sources of income. Despite attempts to conceal earnings, the IRS has access to various data sources, including banks and ...

But whether you're paying or receiving, you'll want to avoid the IRS flagging your return. If you're trying to get ahead financially by depending on your return, an audit can become especially ...

These include an installment agreement, offer in compromise, and currently not collectible status ... prior to the initiation of an IRS employment tax audit. If the taxpayer is already involved ...