If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most ...
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
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 ...
IRS is focused on Businesses since the passage of the Inflation Reduction Act. Under the Strategic Operating Plan (funded by the Inflation Reduction Act), the IRS is increasing audit rates, expanding ...
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 ...
The Treasury Inspector General for Tax Administration (TIGTA) recently released two reports for its study of the IRS Small Business/Self-Employed (SB/SE) Division’s audits of partnerships and S ...
Tax controversy is a term that describes disputes between taxpayers and taxing authorities, most commonly the Internal Revenue Service (IRS), regarding the amount of tax owed or the application of tax ...
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 ...