While simple math errors don't usually trigger a full-blown examination by the IRS, they will garner extra scrutiny and slow ...

Mistakes can lead to serious consequences, including the possibility of an IRS audit. “An IRS audit is a review/examination of an organization’s or individual’s books,” states the agency ...

Tough talk about pursuing tax dodging by corporations and high-income households is gone, and the administration is leaning more on technology for taxpayer service and enforcement.

If the IRS decides to audit your return, your refunds will be delayed. This is another reason why it’s imperative that taxpayers are completely honest in their submissions and avoiding taking chances ...

“We have seen like a switch flipping in the number of audits that are being started.” The IRS has cut 7 percent of its workforce, primarily from its enforcement staff, with more reductions expecte ...

Job cuts at the IRS are decimating the audit division. That could result in tens of billions of dollars in lost revenue for the government. The cuts come after the Biden administration worked to ...

Job cuts at the IRS are decimating the audit division. That could result in tens of billions of dollars in lost revenue for the government. The cuts come after the Biden administration worked to staff ...

Let me focus this time on one area where we are most busy with these days: taxes and audit. I was wondering when there would come a time when preparations for tax reports and financial statements ...

Turkey’s Treasury and Finance Ministry is using artificial intelligence to track down money earned by psychics and fortune tellers as part of a broader drive to combat the informal economy and ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession ... business (Schedule C), rentals or royalties ...