Money Digest on MSN

What Actually Happens When You Get Audited By The IRS

Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs ...
WMUR

IRS plans to increase audit rates of wealthy taxpayers by 50%

The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...
Forbes

The IRS Is Increasing Its Audits Of Certain Taxpayers. Could You Be One Of Them?

Dawn Nici was formally the deputy editor for consumer finance at Forbes Advisor. Her more than 20 years of experience in financial and business reporting include coverage of the New York Stock ...
Morningstar

IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.

IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up. Provided by Dow JonesMay 4, 2024 2:30pm Andrew Keshner IRS releases new specifics on its plans for using ...
JD Supra

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line ...
Hosted on MSN

Fear an IRS Audit? Then You Don't Want to Make These 6 Tax Mistakes

Filing season can be a stressful time for many Americans. The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming ...
JD Supra

Increase in Tax Audits of Use of Private Aircraft, a/k/a “Corporate Jets”

The IRS has announced a new audit campaign targeted at the use of private aircraft, a/k/a “corporate jets”. This has been an intensifying area of focus by the IRS over the last few years as a result ...