Tax audits

The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.

The Internal Revenue Service tends to impose relatively few accuracy-related penalties during audits of large businesses, according to a new report.

With states hungry for revenue, these risk factors may draw unwanted attention to your clients.

Auditors and people; whistleblowers’ comfort; Wayfair developments; and other highlights from our favorite tax bloggers.

U.S. corporations are contributing the smallest share of federal tax revenue in a generation.

The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday.

The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.

About $18.4 billion in bad payments were made on the refundable credit in 2018.