Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Now that the 2025 tax season has started, you may feel concerned that ...

Acting Attorney General Todd Blanche signed a broadly worded addendum that appears to end the president’s long-running ...

Common IRS audit triggers . The IRS initiates audits for a few different reasons, and any of the following can be a trigger ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

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, ...

The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more scrutiny, ...

If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most important thing to understand is this: the audit has already begun. The first ...

President Joe Biden promised that tens of billions of dollars for the IRS in the 2022 Inflation Reduction Act would not be used to increase audits of individuals making $400,000 or less annually. But ...

The Internal Revenue Service (“IRS”) audits 1% to 2% of small business income tax returns annually for one of two reasons: (1) something about the return (or information reported on the return) ...

The Internal Revenue Service (IRS) does not directly monitor your bank balance on a constant basis. Instead, it focuses on the consistency between your declared income, reported expenses, significant ...