Tax audits

Throughout most of its decades-long history, research credit audits have exposed areas of misunderstanding and, in many circumstances, led to major disagreements with the IRS.

The Internal Revenue Service has convinced nearly 80 percent of the taxpayers who received settlement offers after engaging in micro-captive insurance schemes to accept the settlement terms it recently offered them. But there are still thousands of other taxpayers who will be facing examinations.

The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren’t paying all they owe, a new report from the Taxpayer Advocate Service found.

Avoid some of the problems that can come up during an audit by using the wrong words.

The Internal Revenue Service’s announcement last month delaying a requirement for reporting partners’ share of partnership capital offers some extra time to busy tax practitioners, but the issue still isn’t going away and may lead to some other problems.

The IRS is concerned that taxpayers are not properly recognizing the gain or loss on partial dispositions of building components.

The notice delays a requirement for reporting partners’ share of partnership capital.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

Moving to a lower-tax state is more attractive than ever in light of the TCJA's $10,000 cap on state tax deductions.

A little-noticed decision by the Internal Revenue Service’s appeals unit may spell trouble for legendary investor Jim Simons, who’s embroiled in a multibillion-dollar tax dispute with the agency.