WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Senate has officially ...

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 ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

Receiving an audit letter from the Internal Revenue Service is not the way anyone wants to end the tax season. However, not every audit that arrives in a taxpayer’s mailbox requires a face-to-face ...

Forbes contributors publish independent expert analyses and insights. Rhett is a DC based executive coach who covers entrepreneurship. Today’s tax environment is more complex than ever. For business ...

An external audit that Richmond said was happening, which would have provided the city with direction on ensuring business owners who overpaid taxes get their money back, never actually happened.

Tax season is well underway, with many people who have already filed eagerly anticipating their return. However, if you haven ...

In 2022, the IRS audited 3.8 out of every 1,000 income returns, a rate of 0.38%. Audit rates have dropped for all income brackets between 2010 and 2019. Funding for the agency declined by more than 20 ...

For decades, the tax process has centered around compliance. And for good reason — it's an important and highly scrutinized output of the tax function. But if compliance is the endgame, what about all ...

Before the introduction of payroll software, calculating employees’ wages and tax withholdings was tedious. It meant making painstaking manual calculations for every employee, and those calculations ...