Tax audits

Compliance audits, the new wrinkles of CTC, marijuana and more were key topics at a recent stakeholders meeting with the service.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.

The president's plan for increased tax audits of the wealthy and corporations is a major funding source for his economic-investment proposals.

The American Families Plan includes provisions that would expand Internal Revenue Service oversight of tax preparers.

Increasing funding for the IRS enforcement efforts could yield enough to pay for reinstating the full deduction.

Employees who move to low-tax states may still be taxed by their former residence, as more states levy taxes on cross-border business.

More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.

Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.