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Finance

These red flags that can trigger an IRS tax audit are ‘low hanging fruit,’ expert says

Maria Korneeva | Moment | Getty ImagesAs millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked...

Finance

As the IRS targets wealthy Americans for audits, here are red flags for everyday filers

Photo By Rafa Elias | Moment | Getty ImagesThe IRS is still working on plans to avoid increased audits on taxpayers making less than...

Finance

Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of...

Finance

Black taxpayers more likely to face audits, IRS confirms

IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023.Al Drago | Bloomberg | Getty ImagesThe...

Finance

Here’s why IRS tax audits have declined over the past decade

Tax season is upon us, and along with it comes the ensuing bout of paranoia about the dreaded IRS audit.But, statistically speaking, getting audited...

Finance

IRS about 3 to 5 times more likely to audit Black Americans’ tax returns, study finds

Jeffrey Coolidge | Photodisc | Getty ImagesBlack Americans are roughly three to five times more likely to face an IRS audit than other taxpayers,...

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