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tax audit
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, 2024
BY
Tom Ozimek
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, 2024
BY
Tom Ozimek
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, 2024
BY
Anne Johnson
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, 2023
BY
Tom Ozimek
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, 2023
BY
Tom Ozimek
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, 2023
BY
Mike Valles
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, 2023
BY
Marnie Cathcart
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, 2023
BY
Tom Ozimek
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, 2023
BY
Mike Valles
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, 2022
BY
Tom Ozimek
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, 2022
BY
Due
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, 2022
BY
Mike Valles
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, 2022
BY
Due
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
3hr
By
T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
4hr
By
Jacki Thrapp
and
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
5hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
6hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
8hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
8hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
9hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
13hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
14hr
By
Naveen Athrappully
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
20hr
By
Melanie Sun