Tax 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.

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

You got your taxes filed by the skin of your teeth last year and before. But what if you're audited? What if you need a loan? Are you ready?

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

U.S. prosecutors and IRS agents are looking to build cases against individuals suspected of illegally taking advantage of breaks that lured crypto traders and fund managers.

Commissioner Werfel is promising to fix the method of selecting taxpayers for examinations that seems to lead to more Black taxpayers being audited.

The IRS's $80 billion in new funding means more scrutiny of higher earners.

The service wants to hire more accountants, lawyers and other professionals to focus on high-income taxpayers and large corporations.

Former commissioners weigh in on the details of the Strategic Operating Plan and how the agency will spend its $80 billion.