The IRS says audits are about to surge — here’s who’s most at risk

Republicans have railed against the IRS audits as harassment of Americans over their taxes and have successfully chipped away at the funding. A top-line spending deal is set to cut the funding by $20 ... Read More

IRS plans to more than double its audit rate of wealthy taxpayers

Funding for the latest enforcement efforts was included in the Democrats' health care and climate change spending bill that President Biden signed into law in 2022. Read More

IRS audit crackdown: Who's most likely to be targeted

In other news - The Internal Revenue Service plans to more than double its audit rate of the country’s wealthiest taxpayers by 2026. The agency says the audits will pertain to taxpayers with a ... Read More

IRS

The IRS is set to launch a free tax preparation software called Direct File in 2024, offering an alternative to paid services like TurboTax. From startup to going public, the business formation ... Read More

IRS acts to address wide disparity in audit rates between Black taxpayers and other filers

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers ... Read More

How often does the IRS audit?

With related examinations, the agency might select your tax returns when there are issues or transactions with other taxpayers, like business partners ... t exceed more than six years. Read More

Top Business News

Apr 8 | Municipalities could increasingly turn to residential owners to shoulder more of the local property tax burden ... types of real estate. What business owners and executives need to ... Read More

The average tax refund is larger than it was in 2023 -- here's why

the IRS processed about 136 million returns and refunded roughly $245 billion to U.S. taxpayers. That's 3.6% more than was refunded last year. The average individual refund is also larger — and ... Read More

Latest Business News

Attendees will include film […] The Sesame Workshop has averted a picket line outside its New York headquarters, as a new contract deal with its unionized writers was reached on Friday night. Read More

Technology News

The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine ... Read More

Best Tax Software For Small Business Of May 2024

She frequently appears on NBC's WDSU news broadcast ... Hiring a CPA to do your business taxes will generally cost more than using tax software, but typically the accountant can help you with ... Read More