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 ...

The prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a small percentage of taxpayers are actually audited each year. However, ...

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 ...

Every year, over 100 million Americans file their taxes for their household or themselves. Most of them go all out to do it by April 15, but the IRS can provide up to six more months (upon request) to ...

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...

Dawn Nici was formally the deputy editor for consumer finance at Forbes Advisor. Her more than 20 years of experience in financial and business reporting include coverage of the New York Stock ...

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 ...

The Internal Revenue Service (IRS) is increasing audits on corporate aircraft use for high-net-worth individuals, large corporations and complex partnerships as part of its new initiative using ...