In this video we explore the political and operational changes to the IRS under Donald Trump. We look at the leadership ...

President Trump's IRS hiring freeze protects small businesses from audit expansion as calls grow for tax system reform to ...

Audits are the Internal Revenue Service’s tool for spotting red flags in people’s tax returns. But with massive cuts to the agency’s workforce, the question now is whether the tax collector is waving ...

With an Oct. 15 tax deadline looming for many and guidance needed on H.R. 1, the AICPA says it’s imperative that the IRS keep ...

As spring rolls back around each year, hundreds of millions of Americans begin to gather up their tax documents and explore ways to maximize the refund due back to them. Part of this process is doing ...

Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 million in 2021 were served an audit notice from the Internal Revenue Service ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...

hen an IRS audit identifies deficiencies in a tax return, the taxpayer may be asked to sign a closing agreement. There are two types of closing agreements. The first—contained on Form 866, Agreement ...

With massive IRS staff cuts, can rich households expect the agency to ease up on audits? Audits are the Internal Revenue Service's tool for spotting red flags in people's tax returns. But with massive ...