Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...

After the April 15 tax filing deadline, the IRS intensifies its scrutiny on taxpayers who may have committed tax fraud or significant errors in their returns. The focus is on detecting false ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works ...

The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more ...

(Photo by Zach Gibson/Getty Images) The IRS Voluntary Disclosure Program serves as a ... the IRS compared to those who are caught through audits or investigations. This program provides an ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's ... during an audit. Former President Biden's administration proposed rules to ...