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The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.
Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or ...
The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it ...
One of the more controversial (and potentially consequential) aspects of President Donald Trump’s second administration is ...
Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s ...
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...
In past work with Natasha Sarin, I estimated the impact of investing $100 billion ... In their 2024 journal article, “A Welfare Analysis of Tax Audits Across the Income Distribution,” William ...
The IRS is supposed to focus on audits of corporations and high-income and wealthy taxpayers. But who’s really under the agency’s microscope? Some answers can be found in a new report shedding ...
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How to Avoid an IRS Audit
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 ...
even if you feel like you don't — and there are steps you can take to try and minimize the stress and financial impact. By taking the right approach, you can typically resolve an IRS audit issue ...
The looming threat of an audit can crank up the stress of tax season even more. According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly ...