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

President Joe Biden promised that tens of billions of dollars for the IRS in the 2022 Inflation Reduction Act would not be used to increase audits of individuals making $400,000 or less annually. But ...

The IRS has made “limited progress” in determining how many audits it is performing on taxpayers earning less than $400,000, according to a new watchdog report. The magic number is needed to ensure ...

The tax cuts enacted last month aren’t the only good news for high-income taxpayers. The risk of an in-depth audit by the Internal Revenue Service is likely to ease this year, reversing a two-year ...

Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...

Filing season can be a stressful time for many Americans. The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming ...

Some people aren’t paying their taxes. According to the latest data from the Internal Revenue Service, the tax gap for the ...