Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has to audit you.
The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.
If the thought of an audit has ever given you chills, knowing the facts about them might help take the edge off.
Personal finance columnist Michelle Singletary kicks off the 2025 tax season by answering your questions on Monday, Feb. 3, ...
Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the ...
WASHINGTON − The head of the Internal Revenue Service told the tax agency's employees Friday that he will resign when President-elect Donald Trump returns to office Monday. IRS ...
The IRS will begin accepting returns between Jan. 15 and 31. And even though tax changes could be coming as President Donald ...
Fact checked by Vikki Velasquez Tax Day is coming on April 15, 2025 and yours might be one of the 62% of returns that ends up ...
Instead, the IRS chose to phase in the change, setting the $5,000 threshold for the 2024 tax year, $2,500 for 2025 and $600 ...
The IRS kicked off tax season facing a hiring freeze imposed by President Trump in an executive order and uncertainty over ...
IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...
Audits are among the IRS's most well-known activities and they represent a key way in which the agency is able to claw back money that's owed by certain taxpayers. Despite the common notion that ...