The IRS has announced a plan to increase audits as a result of an uptick in tax fraud. Some taxpayers are more likely to be targeted than others. Here’s how to know where you stand. After the ...
For the 60 to 70 percent of ERC claims that were flagged as an "unacceptable level of risk," additional analysis and ...
A surging IRS tax penalty may soon cost some Americans billions of dollars. Thousands of Americans who pay their income taxes ...
The CP14 form claims that individuals owe thousands of dollars to the IRS by June 24, in addition to penalties and interest ...
The IRS could raise more than $50 billion in revenue over the next decade by ending a major tax loophole for wealthy taxpayers, the U.S. Treasury Department said Monday. The guidance and ruling ...
IRS surveys showed 90% of users ranked their experience as excellent or above with most citing the program’s ease of use, trustworthiness, and that it was free. ©2024 Advance Local Media LLC.
The recent surge in searches for $8,700 IRS stimulus checks has led to widespread confusion and misinformation. Yahoo! News called attention to outlets, Marca and Times Now, that spread stories ...
The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such taxpayers ...
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit in an effort to narrow the tax gap, but it needs to use this new technology consistently and ...
The IRS now has enough money that it can hire more experienced workers to audit both companies and individuals, and it does not have to pick and choose among whom to audit, a managing director at ...
A watchdog has warned of a lack of transparency in the new artificial intelligence software the IRS uses to screen for tax dodgers. The Government Accountability Office (GAO) says tax chiefs don't ...