Akron-area tax preparers expect longer delays, fewer audits of wealthy after IRS cutbacks
The firing of 6,000 employees at the Internal Revenue Service will mean frustrating wait times for those seeking call center ...
CNET on MSN4d
Be Aware of These 6 Tax Mistakes That May Get You Audited by the IRS
According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly according to ...
Maximize Your Refund and Avoid Audits: 4 Reasons Tax Software Beats Paper Filing
Want to minimize your income taxes? We explain the benefits of online tax preparation software, from taking advantage of ...
Tax alert: the IRS has begun audits and these are the signs you need to know
Fortunately, very few American taxpayers actually get audited by the IRS, but here are those that are more likely to get a ...
Will Trump’s Treasury Department Continue Partnership Tax Focus?
Tax enforcement against partnerships was a priority of the IRS in 2024, but Trump's Treasury Department may not have the ...
JD Supra5d
IRS Layoffs May Mean Longer Waits, Audit Delays and Tax Court Battles
The Internal Revenue Service (IRS) is expected to lay off approximately 7% of its workforce in the coming weeks, with the possibility of ...
Stay off the IRS radar: How to avoid a tax audit
Excessive tax deductions are red flags for the IRS. So is not reporting all your income and mixing business and personal expenses. Pay close attention to how you deduct medical expenses and the earned ...
JD Supra2d
Treasury and IRS Promulgate Final Regulations Governing Resolution of Federal Tax Controversies by the Independent Office of Appeals
The US Department of the Treasury and the Internal Revenue Service (IRS) have released Final Regulations related to the resolution of federal ...
After Legal Settlement Payment, You May Receive Two IRS Forms 1099
IRS Forms 1099 are used so the IRS can match Social Security numbers with tax returns to speed IRS collection efforts. But ...