IRS Audits

Ten Facts About Fighting IRS Tax Bills

Everyone must pay federal income taxes, but you can contest many IRS tax bills. When you disagree with the IRS, procedure is important. Pay attention to the [...]

IRS Doing Fewer Business Audits Due to Budget Cuts

The Internal Revenue Service is auditing the taxes of fewer businesses as a result of budget cuts in recent years. IRS commissioner John Koskinen pointed to [...]

These Tax Mistakes Allow IRS To Audit You…Forever

<p> When you finish the annual drudgery and file your taxes, you’re done, right? Not hardly. Even if your identity hasn’t been stolen and you get [...]

IRS audit rate for individuals drops

<p> Your chances of facing an IRS audit rate dropped to the lowest level in at least a decade in 2014 and are expected to fall further this year, [...]

IRS: Business audits taking a tumble

<p> The IRS audit rate for businesses dropped to its lowest rate in eight years, the agency said. John Koskinen, the IRS commissioner, blamed the [...]

4 IRS Audit Red Flags

Short on personnel and funding, the IRS audits less than 1% of all individual tax returns annually. We expect the audit rate to fall even lower as resources [...]

IRS Audits of Individuals Reached Lowest Rate Since 2005

The U.S. Internal Revenue Service audited 0.96 percent of individual tax returns in fiscal 2013, declining for the second straight year and reaching the [...]

Beanie Babies creator gets probation for tax evasion

(Reuters) - The billionaire creator of Beanie Babies, Ty Warner, will serve two years of probation, including mentoring high school students, following his [...]

IRS Plans to Step up Audits of Small Business Partnerships

The head of the Internal Revenue Service’s small business unit said his division expects to move from focusing on audits of small corporations to [...]

IRS Offers Tips for Dealing with Notices

Each year, the IRS sends millions of letters and notices to taxpayers for a variety of reasons. Here are ten things you should know about IRS notices in case [...]