Taxpayers face the risk of an IRS investigation if they commit one of four common mistakes on their tax returns. This warning ...

Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...

Navigating the complexities of tax filing can be daunting, especially with the looming possibility of an IRS audit.

The IRS announced it issued Publication 5125, Large Business & International Examination Process (LEP), which outlines a new examination process that will apply beginning May 1, 2016, to all taxpayer ...

WASHINGTON – The Internal Revenue Service (IRS) plans to ratchet up its audits for wealthier Americans and major corporations while at the same time tweaking a procedure that has led to a ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

A phone forum held by the Internal Revenue Service (IRS) instructed attendees on how to deal with plan-related errors. During the event, “EPCRS: Correction of 401(k) Plan Mistakes,” co-presenter ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...