IRS audits are stressful and costly. Learn best practices and tips that will reduce your chances of getting audited by the ...
A view of the IRS headquarters. (Photo by Karen Bleier/AFP via Getty Images) The IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes inputs from humans, ...
The IRS announced it issued Publication 5125, Large Business & International Examination Process (LEP), which outlines a new examination process that will apply beginning May 1, 2016, to all taxpayer ...
Lawmakers are taking a closer look at how the IRS selects taxpayers for audit after studies evidence black taxpayers are audited more often than any other group. (Photo Illustration by Rafael Henrique ...
A view of the Internal Revenue Service building. (Chip Somodevilla / Getty Images) An IRS pilot program that uses artificial intelligence to select audit cases and identify noncompliance didn’t ...
When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
Seniors are facing surprise IRS audits as algorithms shift and post-retirement finances change. Learn common triggers and how to safeguard your retirement.
Defense Secretary Pete Hegseth on Monday alleged that the Biden administration “rushed” an IRS audit of him after he was nominated, suggesting that the former administration ordered a politically ...
Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. The IRS today announced a withdrawal process for business owners/tax-exempt ...
The head of the Internal Revenue Service has asked a watchdog to investigate the decision to conduct rare tax audits of former FBI Director James Comey and former FBI Deputy Director Andrew McCabe, ...