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As the IRS scrutinizes large partnerships, they have new ways to report and correct errors in their returns.
December 5 -
The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.
September 3 -
The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.
July 11 -
The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.
July 9Government Accountability Office -
The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.
June 24 -
The Internal Revenue Service is setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.
June 17 -
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
June 5 -
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.
May 23 -
The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.
February 22 -
Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.
January 24