Tax audits

Americans who have put off their 2021 taxes have less than a week to file a return or an extension — and fill them out accurately to avoid trouble from the IRS.

Elizabeth Warren and Judy Chu want to know why those making less than $25,000 are audited more often than those making more than $200,000.

The IRS has the expertise to enforce President Joe Biden’s proposal to tax the unrealized gains of mega-millionaires and billionaires, Senator Elizabeth Warren contended in the face of criticism over the workability of a proposal she strongly supports.

The service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

Over three-quarters of the audits conducted by the Internal Revenue Service under its centralized partnership audit regime resulted in no change in taxes, according to a new report.

The service is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

The Internal Revenue Service has been increasing its tax audits of the lowest-income wage earners to keep its overall audit numbers from declining, according to a new report.

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

Midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000, according to a new survey.

The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding.