Tax audits

While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.

A Treasury inspector general will review why two former FBI officials who ran afoul of former President Donald Trump were subjected to rare and detailed tax audits.

The two were subject to a rarely used program of intense scrutiny that is supposed to be randomly selected.

The pandemic and new IRS priorities are creating new opportunities for practitioners.

The Internal Revenue Service issued a revised Audit Technique Guide to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.

The service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers.

Think about implementing some organization and management strategies going forward with clients who want to engage in like-kind exchanges

The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.

Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.

Audits of high-net-worth filers require more time and expertise, and the agency’s underfunding has led to a significant loss of personnel capable of performing those.