Tax audits

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.

The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.

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.

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.

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.

Companies retreat to less risky tax strategies when IRS budgets are robust, according to a new study.

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.

The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income taxpayers and large businesses to help close the tax gap.

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.