With massive cuts to the IRS workforce, the question now is whether the tax collector is waving the white flag on audits.

The notice is a proposal by the IRS for the taxpayer to adjust their income, payments, credits or deductions, the tax collector says. A string of these notices can lead to an audit, Thompson noted.

If you missed Tax Day deadline and did not have an extension, your taxes are overdue. Here's what steps to take to avoid penalties from the IRS ...

Below are five common missteps that often catch crypto investors off guard — and how you can stay compliant. Neglecting wallet-based accounting: The IRS now expects detailed rep ...

A CP05 notice from the IRS arrives in your mail. That's scary - nobody wants to receive a letter from the IRS. A CP05 notice means the IRS is reviewing your tax return. Is it time to panic?

The U.S. House of Representatives has passed a bill, which received bipartisan support, that seeks to make the Internal Revenue Service's (IRS) handling of tax return errors more transparent. Newsweek ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

Audit protection is a service most tax preparation companies advertise as an upsell to help you if you get a notice from the IRS. These services can involve responding to IRS letters, representing ...

An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...