If you need more time to finish your taxes, the IRS allows one free six month extension. Here's how to file for a tax ...

As tax season unfolds in the United States, the IRS is actively processing returns and issuing refunds. However, taxpayers ...

File photo of tax return forms underneath a calculator and next to a dollar bill. GETTY How To Avoid An Audit. Ahad Ali, CEO of Ahad&Co, gave Newsweek numerous pointers on how to avoid a dreaded ...

3. Don't File a Return. The IRS is certainly going to want a word with you if you don't file a return — the bare minimum you have to do at tax season. If you owe the IRS and don't pay, you'll be ...

An IRS employee will go through your returns and request any missing documentation. Taxpayers also have the right to appeal audit findings if they disagree with the IRS's conclusions.

For instance, make sure you enter your information from your W-2 income tax form correctly so it's consistent with the income that's stated on official income tax documents like a 1099 or W-2 ...

The BBA partnership audit rules are complex and sometimes counterintuitive. This article explains and clarifies five ...

You may picture a tax audit like a scene in the movies: IRS agents in dark suits show up at your door and sift through boxes of papers. Instead, most tax audits are much less dramatic.

Hegseth says Biden’s IRS targeted him for a ‘sham’ audit The defense secretary posted an undated IRS notice on social media. He offered no evidence that it was politically motivated.

In 2023, the IRS received just over 271.5 million tax returns and other forms. By contrast, it only audited 582,944 tax returns for an audit rate of about 0.2%.

The IRS didn’t respond to a request for comment on the agency’s plans for audits and how any staffing cuts could affect them.

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 million in 2021 were served an audit notice from the Internal Revenue ...