Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

Year over year, audit rates for returns under $500,000 were largely unchanged, ranging at 0.2% to 0.4%. The Trump administration is going to have to decide how it put its stamp on the IRS and that ...

The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more ...

you may be wondering about the chances that the IRS will audit your return. Your fear might be heightened, knowing that the 2022 Inflation Reduction Act gave the IRS $80 billion in extra funds ...

The looming possibility of an audit can be one of the most anxiety-inducing parts of paying taxes for a lot of Americans, but knowing what they are and what they mean can make dealing with one a ...

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

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 ...

The Internal Revenue Service is getting specific about how many more audits it wants to spring on rich taxpayers and ...