Retirement expert Denise Appleby shares common pitfalls and real-life examples for IRAs, required minimum distributions, and ...

IRS audit phone number The IRS doesn't have a phone number dedicated to handling audit inquiries. You can use the general IRS customer service number, (800)-829-1040, to speak with an IRS agent ...

The IRS said in a news release Thursday that it’s aiming to nearly triple its audit rate, to 22.6%, on corporations with upwards of $250 million worth of assets in the 2026 tax year.

Commissioner Billy Long should tackle agency rules that grant the IRS massive power outside what has been authorized by ...

In May, the IRS said it's working on increasing audits by more than 50% on wealthy individual taxpayers with total income above $10 million. It forecasts audit rates in this group to rise to 16.5% ...

What does an audit mean? In 2022, the odds were 0.38%. Take these steps to avoid an audit by the IRS, but here's what to do if you do get the notice.

Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...

The IRS currently has about 80,000 workers, ranging from audit officials to customer service employees. The agency has lost roughly 50,000 employees over the past five years due to attrition ...

Is your chance of an IRS audit 1 in 160 or 1 in 16? The Internal Revenue Service audited only 0.6% of 2016 individual income tax returns, according to its 2017 Data Book released today. That means ...

The IRS plans to triple the audit rates on large corporations with assets of more than $250 million. Audit rates for these companies will rise to 22.6% in tax year 2026 from 8.8% in 2019.

IRS figures show that the audit rate for people with annual income of $50,000 to $75,000 was 0.4% in 2014 — also four times higher than the current audit rate. The reason, the IRS says, is ...

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%. As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in ...