The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more ...
The IRS said in a news release Thursday that it’s aiming to nearly triple its audit rate, to 22.6%, on corporations with upwards of $250 million worth of assets in the 2026 tax year.
The IRS aims to double audits for the richest Americans in the next three years While most returns are accepted, some face greater scrutiny from the agency The agency will use funding to improve ...
Taxpayers can breathe a sigh of relief knowing the 2023 tax year is over—for the most part at least. Tax documents have been filed, money wires have been initiated, and the Internal Revenue ...
READ MORE: IRS says number of audits is about to surge: Here’s who is most at risk The deadline to claim a refund is May 17 and there’s no penalty for failure to file if a refund is due. Under ...