President Joe Biden promised that tens of billions of dollars for the IRS in the 2022 Inflation Reduction Act would not be used to increase audits of individuals making $400,000 or less annually. But ...
Julia Glum The IRS is inking contracts for artificial intelligence and machine learning technology as it plans to use more AI ...
The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...
The 2022 Inflation Reduction Act (the “IRA”) allocated $80 billion in funding to the Internal Revenue Service (“IRS”), much of which was earmarked for increased enforcement efforts. After some starts ...
Concept image for filing federal income taxes online and being audited. Computer keyboard, calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Many a ...
Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Now that the 2025 tax season has started, you may feel concerned that ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
“Audit” is the word that no taxpayer wants to hear from the Internal Revenue Service. Some 24 percent of taxpayers are worried about being audited by the IRS, according to a poll by survey data firm ...
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