The Internal Revenue Service (“IRS” or the “Service”) aggregates, reviews, and analyzes taxpayer data and determines whether ...

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 ...

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At least one member of Elon Musk's Department of Government Efficiency (DOGE) team visited the IRS offices in Washington, D.C., on Thursday, according to a report by Reuters. Musk has spearheaded ...

The Internal Revenue Service (IRS) announced new guidance on Friday aimed at dramatically reducing examination times for corporate taxpayers while making the audit process more collaborative and ...

The Internal Revenue Service (IRS) has commenced its annual tax season activities, diligently processing returns and issuing refunds. However, taxpayers should be aware that certain errors in their ...

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 million in 2021 were served an audit notice from the Internal Revenue Service ...

WASHINGTON − Defense Secretary Pete Hegseth accused former President Joe Biden's administration of rushing an audit of his taxes for political reasons, amid a push by the Elon Musk and his aides to ...

Meanwhile, separate reporting this week by the International Consortium of Investigative Journalists cites several current IRS employees as saying that a “handful” of both corporate and individual ...

Secretary of Defense Pete Hegseth is criticizing the former administration for allegedly rushing an audit into him by the Internal Revenue Service (IRS). Hegseth accused former President Joe Biden’s ...

Question: I just received an audit notice from the Internal Revenue Service for my 2023 S corporation and individual income tax returns. I prepared the bookkeeping and tax returns myself. The IRS has ...