For cases in process as of May 1, the IRS will transition to the LEP process by adopting changes in the execution and resolution phases of an examination. The new examination process uses an ...

No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of ...

Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...

For the 2019 tax year, the IRS audited fewer than 1% of returns claiming the EITC in a process that usually plays out through paper correspondence. The IRS recommended people pay an extra $1 ...

Looking past the inevitability that reduced tax enforcement will depress the government’s revenue collection ability (producing even larger budget deficits), an understandable reaction might be that ...

By Jeanne Sahadi, CNN (CNN) — No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had ...

As tax season unfolds in the United States, the IRS is actively processing returns and issuing refunds. However, taxpayers must exercise caution to avoid errors that could trigger an audit.

Receiving an audit letter from the IRS is never ideal, but it doesn't have to become a nightmare, either, especially if you act quickly and strategically. In most cases, the sooner you take action ...

The IRS will begin accepting returns between Jan. 15 and 31. And even though tax changes could be coming as President Donald Trump assumes ... The IRS audits some returns to get a closer look.

In a nutshell, what technology has done is to compress time. The IRS no longer needs three years or 1,095 days to process returns, select them for audit and then contact taxpayers.