Tax audits

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

The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.

The Internal Revenue Service will be scrutinizing the use of corporate jets, focusing on big corporations and partnerships, as well as high-income taxpayers.

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

Avoidance above all; conferences to attend; creeping brackets; and other highlights from our favorite tax bloggers.

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

Swag taxes; audit ROI; your best reading for 2024; and other highlights from our favorite tax bloggers.

The service reported on its increased enforcement efforts on Friday, including collecting over half a billion dollars from millionaires who didn't pay their taxes.

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

The service is improving its online tax pro accounts and hiring more accountants as it targets big corporations for audits.

The wealthiest 1% of taxpayers may soon find themselves in the crosshairs of an expert group of agents.

The dispute centers on a 2012 IRS audit into transfer pricing, a method used to shift profits to tax havens and avoid the U.S. corporate tax rate.

From more agents to the deployment of AI, the service is directing resources where the money is.

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

The new positions, which will be in more than 250 locations, will help ramp up compliance efforts against high-income earners, partnerships, large corporations, and promoters.

The service will need to tread carefully with how it uses artificial intelligence amid growing questions about the reliability of the technology.

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction Act to ramp up compliance efforts.

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.