Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more ...
IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.
Waitstaff, bartenders, salon workers, and other tipped employees could face greater IRS scrutiny under new compliance ...
IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the ...
Millions of Americans have filed their income tax returns already, and tens of millions more will be doing so in the coming weeks. With the heavy lifting done, people can turn their attention to other ...
Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...
The IRS understands that filing your taxes is like pulling teeth -- but that doesn't excuse sloppy filing or intentional ...
IRS enforcement priorities shift toward questionable write-offs, putting small business owners and self-employed taxpayers on ...
The Internal Revenue Service has launched a new initiative using artificial intelligence to detect and penalize tax evasion amongst 75 hedge funds, private equity groups, real estate investors, and ...
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 ...