The Internal Revenue Service has launched a new initiative using artificial intelligence to detect and penalize tax evasion amongst 75 hedge funds, private equity groups, real estate investors, and ...

Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...

Millions of Americans have filed their income tax returns already, and tens of millions more will be doing so in the coming weeks. With the heavy lifting done, people can turn their attention to other ...

Each year, more than one hundred million Americans file their tax returns. While this process is routine, it is filled with pitfalls. Most taxpayers intend to comply with their obligations, but ...

The IRS pays close attention to certain business credits. Without proper documentation, taking this one could put you at greater audit risk.

The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...

In a government shutdown, most federal agencies and workers experience some impact. All "non-essential" work is forced to stop. However, federal agencies have backup plans, and essential services ...

The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...