A mismatch sends up a red flag and causes the IRS computers to spit out a bill that the IRS will mail to you (these letters ...

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act, according ...

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. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...

At least one member of the Department of Government Efficiency (DOGE) visited the Internal Revenue Service (IRS) offices in Washington on Thursday as Elon Musk's cost-cutting group prepares to audit ...

Audits are the Internal Revenue Service’s tool for spotting red flags in people’s tax returns. But with massive cuts to the agency’s workforce, the question now is whether the tax collector is waving ...

Top Democrats in Congress want to know what Elon Musk’s Department of Government Efficiency (DOGE) plans to do at the Internal Revenue Service (IRS) after multiple outlets reported the advisory unit ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...

With massive IRS staff cuts, can rich households expect the agency to ease up on audits? Audits are the Internal Revenue Service's tool for spotting red flags in people's tax returns. But with massive ...