Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
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, ...
These red flags could increase your chances of the IRS selecting your return for audit.
The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who ...
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 ...
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 ...
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 ...