Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If ...

The audit process aims to verify that the financial data reported reflects the taxpayer's true economic situation and complies with all current tax regulations.

Technology is speeding up tax season, but not the audit process by Jay A. Soled and Leslie Book, opinion contributors - 02/25/25 1:00 PM ET ...

The IRS admits its audit selection process makes Black taxpayers up to five times more likely to be selected. Lawmakers call for swift reform to the agency's policies.

These red flags could increase your chances of the IRS selecting your return for audit.

Research has shown that audit rates for Black Americans are three to five times higher than for other taxpayers, with audits focused on the tax credit being a major driver of the disparity.

Defense Secretary Pete Hegseth on Monday alleged that the Biden administration “rushed” an IRS audit of him after he was nominated, suggesting that the former administration ordered a ...

The IRS has released an update on its strategic operating plan, which includes more audits on the wealthiest taxpayers, large corporations and partnerships.