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 ...

On April 17, 2025, the IRS issued Notice 2025-23, which announced its intent to publish a notice of proposed rulemaking to remove Treasury ...

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 ...

A New York University School of Law professor on tax policy called the news a “lawless action by the President.” ...

But among those with incomes between $50,000 and $500,000, the audit rates were 0.5% or less for returns filed in each of those tax years. Audit rates were higher, however, for low-income ...

The easiest way to avoid an audit is to slow down, and be “accurate, honest and modest,” said Eric Scaringe, principal at certified public accounting firm UHY. Mismatches. “One thing tax ...