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, ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.

Out of roughly 266 million tax returns the IRS processed for fiscal year 2024, just 505,514 were audited — that's about 0.19%, or fewer than 2 out of every 1,000 returns. The IRS says an audit "is a ...

If the idea of getting audited by the IRS fills you with dread, you aren’t alone. No business owner enjoys the thought of digging through years of receipts, bank statements and payroll documents and ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) announced new guidance on Friday ...

The underfunded Internal Revenue Service has been relying on ancient technology to generate paper audits that target tax benefits, such as the Earned Income Tax Credit, for lower-income households.