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tax audit

  • IRS Reveals Interest Rates for Underpayment of Taxes for Q2 2024
    IRS Reveals Interest Rates for Underpayment of Taxes for Q2 2024
    Interest rates for underpayment and overpayment of taxes for the second quarter of 2024 have been announced by the IRS.
    February 23, 2024BY Tom Ozimek
  • IRS Ramping Up Tax Audits Of Private Jet Use In Latest Enforcement Crackdown
    IRS Ramping Up Tax Audits Of Private Jet Use In Latest Enforcement Crackdown
    The IRS is increasing scrutiny of corporate aircraft use in a bid to ensure personal use of business ...
    February 21, 2024BY Tom Ozimek
  • 11 Ways to Avoid an IRS Audit
    11 Ways to Avoid an IRS Audit
    There's no 100 percent way to avoid an Internal Revenue Service (IRS) tax audit. That's because a small ...
    February 21, 2024BY Anne Johnson
  • IRS Chief Hints at Possibility Audits May Rise for Americans Earning Under $400,000
    IRS Chief Hints at Possibility Audits May Rise for Americans Earning Under $400,000
    The IRS chief said his 'marching orders' to staff are not to raise audits on Americans earning less ...
    October 28, 2023BY Tom Ozimek
  • IRS Hiring Another 3,700 Tax Enforcers, Watchdog Warns Those Earning Under $400,000 Could Be Targeted
    IRS Hiring Another 3,700 Tax Enforcers, Watchdog Warns Those Earning Under $400,000 Could Be Targeted
    IRS hiring 3,700+ tax enforcers to audit higher earners but a watchdog worries about audits for those under ...
    September 15, 2023BY Tom Ozimek
  • The IRS Has More Power Than You Think to Collect Taxes
    The IRS Has More Power Than You Think to Collect Taxes
    One U.S. agency that many people fear is the Internal Revenue Service (IRS). Of course, there is no ...
    June 5, 2023BY Mike Valles
  • Bankers ‘Shocked’ by Federal Budget Bill Clause That Allows 30-Year Retroactive GST Audit
    Bankers ‘Shocked’ by Federal Budget Bill Clause That Allows 30-Year Retroactive GST Audit
    A group of 60 Canadian banks has told a Senate committee they were shocked to learn the federal ...
    May 25, 2023BY Marnie Cathcart
  • IRS Announces a ‘Soft Notice’ Approach Instead of Hitting Americans With Tax Audits
    IRS Announces a ‘Soft Notice’ Approach Instead of Hitting Americans With Tax Audits
    The Internal Revenue Service (IRS) said in its recently released strategic plan that while it's planning to get ...
    April 8, 2023BY Tom Ozimek
  • Avoid a Tax Audit by Understanding the Triggers
    Avoid a Tax Audit by Understanding the Triggers
    Being audited by the Internal Revenue Service is a fear many people have every tax season. When that ...
    January 18, 2023BY Mike Valles
  • Watchdog Finds No Misconduct in Selection of Comey, McCabe for Tax Audits by IRS Under Trump Appointee
    Watchdog Finds No Misconduct in Selection of Comey, McCabe for Tax Audits by IRS Under Trump Appointee
    A government watchdog has found no misconduct in IRS tax audits of former FBI Director James Comey and ...
    December 2, 2022BY Tom Ozimek
  • Fearing a Tax Audit? 5 Things You Can Do to Prepare
    Fearing a Tax Audit? 5 Things You Can Do to Prepare
    Tax preparation can be difficult for business owners, who must constantly strive to strike a balance between claiming ...
    September 5, 2022BY Due
  • If the IRS Calls, Don’t Answer:  Don’t Get Hooked by Common Scams
    If the IRS Calls, Don’t Answer: Don’t Get Hooked by Common Scams
    Every year, various types of scams make their appearance. Scammers successfully steal millions of dollars annually through cleverly ...
    June 18, 2022BY Mike Valles
  • 9 Red Flags that Could Lead to a Tax Audit
    9 Red Flags that Could Lead to a Tax Audit
    The IRS chooses some taxpayers and audits their tax returns every year. And an audit is examining or reviewing ...
    May 9, 2022BY Due
TOP NEWS
  • Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
    3hr By T.J. Muscaro
    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
  • Iran Launches First Missiles at Israel Since Ceasefire Agreement
    4hr By Jacki Thrapp and T.J. Muscaro
    Iran Launches First Missiles at Israel Since Ceasefire Agreement
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    5hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    6hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    8hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    8hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
    9hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    13hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
  • US Bankruptcy Filings Increase 7 Percent Yearly
    14hr By Naveen Athrappully
    US Bankruptcy Filings Increase 7 Percent Yearly
  • Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
    20hr By Melanie Sun
    Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
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