The Internal Revenue Service is warning taxpayers about phony tips, tax credits and other viral advice that will trigger ...

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...

Most taxpayers will never be audited by the IRS, however, when you file your tax returns, there is a chance that you’ve made a mistake. These mistakes can lead to audits, and the Treasury Department ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

Most tax audits don't start because someone tried to cheat the system. Take it from me, I was audited three times by the IRS in my 20s. A good-faith error one year ...

If the idea of getting audited by the IRS fills you with dread, you aren’t alone. No business owner enjoys the thought of digging through years of receipts, bank statements and payroll documents and ...

As the 2026 tax filing season intensifies, tax professionals across the country are strengthening their documentation processes to meet IRS standards for time-sensitive correspondence. With filing ...

From unreported income to large deductions, here are eight common red flags that could trigger an IRS audit — and how to ...

Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...

The Internal Revenue Service (“IRS”) audits 1% to 2% of small business income tax returns annually for one of two reasons: (1) something about the return (or information reported on the return) ...