Think your return is safe? Some tax numbers could suggest otherwise and increase your risk of an IRS audit. Here is what ...

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 ...

Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more attention than you might expect.

IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.

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 ...

When it comes to tax compliance, the Internal Revenue Service (IRS) is vigilant in ensuring that all income is accurately reported. A significant reason for an IRS audit is the failure to declare all ...

IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the best protection.

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 Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...