Famously, absolutely no income tax is levied on Monaco's residents ... has truly inspired her wardrobe ahead of Cheltenham Festival Enchanting life: who was C. Z. Guest, the ashy-blonde enigma ...

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

These are the most common mistakes that can lead to an IRS audit, according to a tax lawyer. Here's how to avoid them.

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 ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

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.

Between 2013 and 2021, the IRS only examined 0.44% of individual returns and 0.74% of corporate returns. The number of audits of individuals and businesses is way too low. DOGE hopes to audit the ...

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 ...

That would reverse the recent IRS push to put more people on telephone lines, in walk-in centers and on the front lines of audits and collections.

“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 ...

The easiest way to avoid an audit is to slow down, and be “accurate, honest and modest,” said Eric Scaringe, principal at certified public accounting firm UHY. Mismatches. “One thing tax ...

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 ...