As the IRS targets wealthy Americans for audits, here are red flags for everyday filers
The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite ...
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Incorrect ERC? IRS Points to Five New Red Flags
The IRS identified another wave of warning signs related to incorrect Employee Retention Tax Credit (ERC) claims. The latest handful of red flags come from common issues IRS compliance teams have ...
If You See This 3-Word Phrase in a Text, Delete It Immediately
You weren’t born yesterday, so you know to delete a threatening text message that claims to be from the IRS. And your “Spidey ...
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IRS Failed to Hold Tax-Evading Employees Accountable, Report Finds
Related: What Are the Red Flags for Bogus Remote Jobs? U.S. Sen. Joni Ernst (R-Iowa) — who commissioned the TIGTA report — says in a press release that despite the fact that the IRS has the power to ...
Harris’ critics sound off after VP is endorsed by IRS-affiliated union: ‘Get ready to be taxed to death'
Social media users ripped the IRS agents union this week after praised Vice President Kamala Harris and officially endorsed ...
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4 Surprising Things the IRS Already Knows About Your Finances
For many Americans, the IRS and the tax filing process may seem complicated and ... are significantly higher or lower than what they expect, it might raise red flags. As a preemptive measure, ensure ...
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Who Does the IRS Audit the Most?
The IRS is supposed to focus on audits of corporations and high-income and wealthy taxpayers. But who’s really under the agency’s microscope? Some answers can be found in a new report shedding ...
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IRS Hauls Back $1.3 Billion From High-Income Earners
IRS audits aren’t new and recent news is no exception. Due to an influx of funding from the Inflation Reduction Act (IRA), the federal tax agency has been cracking down on high-income and ...