Staff cuts under Donald Trump’s government-wide reduction are putting large ongoing audits on hold, and the IRS is unlikely ...

Despite staffing cuts, the IRS is still looking for scofflaws. Red flags may include failing to report Bitcoin gains and ...

It's never fun to get this type of letter from the IRS, but there are steps you can take to resolve the situation.

IRS efforts to combat racial bias in audits are likely to flatline due to President Donald Trump’s executive order to dismantle any federal diversity, equity, and inclusion programs.

The IRS pays attention to certain tax return claims that are open to fraud more than others. You can find out how to avoid ...

The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that ...

IRS layoffs in 2025 could mean tax delays, fewer audits, and compliance challenges. See how businesses will be affected.

It's not clear they ever really did hire all those new agents and paper-filers; the IRS remains a little under 100,000 strong ...

Mistakes can lead to serious consequences, including the possibility of an IRS audit. “An IRS audit is a review/examination of an organization’s or individual’s books,” states the agency ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The IRS will often automatically correct small errors and typos, and an IRS audit isn't a very common occurrence. However, glaring errors will raise eyebrows and result in an audit. Luckily ...