New IRS automation is accelerating audits, levies, and wage garnishments, prompting tax professionals to reassess how ...
FinanceBuzz on MSN
10 tax mistakes that could trigger an IRS audit (from someone audited)
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
GOBankingRates on MSN
Best time to file taxes to avoid audits: What triggers one and what to do
Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize discrepancies and reduce your chances.
A view of the IRS headquarters. (Photo by Karen Bleier/AFP via Getty Images) The IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes inputs from humans, ...
These red flags could increase your chances of the IRS selecting your return for audit.
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
The IRS announced it issued Publication 5125, Large Business & International Examination Process (LEP), which outlines a new examination process that will apply beginning May 1, 2016, to all taxpayer ...
The Daily Overview on MSN
Trump backs new IRS 'math error' law to boost transparency for taxpayers: do you know the 60-day rule?
President Donald Trump has signed a new law tightening the rules around IRS "math error" notices, forcing the agency to show ...
When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who ...
Business.com on MSN
How to conduct a payroll audit
Payroll audits can be beneficial to your business. Learn how to conduct one with this step-by-step guide and get software recommendations.
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