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Class Warfare: IRS Promises to Increase Audits of ‘Wealthy’ Taxpayers by at Least 50% – Report
IJR· 2 hours agoThe report also noted that audits on what the IRS calls the “wealthiest taxpayers, large...
IRS says number of audits about to surge. Here's who it is targeting.
CBS News via Yahoo Finance· 4 days agoAudit rates for these companies will rise to 22.6% in tax year 2026 from 8.8% in 2019.Large...
The IRS says audits are about to surge — here’s who’s most at risk
New York Post· 3 days agoFor complex partnerships with assets topping $10 million, the IRS said it intends to increase audit...
Foreign Tax Credit Ruling Would Reduce US Expat Burden if Upheld
Bloomberg Law· 6 hours agoIf the appeal is denied...The US Court of Federal Claims ruled in 2023 that the IRS wrongly denied taxpayers Matthew and Katherine Christensen from using the US-France < ...
IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
MarketWatch via Yahoo Finance· 3 days agoAlso for tax year 2026, more than 22% of income-tax returns from corporations with at least $250...
Sports Team Owners Face New Scrutiny From IRS Over Tax Avoidance
ProPublica· 4 days agoProPublica is a nonprofit newsroom that investigates abuses of power. The IRS has launched a...
Child Tax Credit 2024: Where Is Your Refund Money?
CNET· 3 days agoIf you're still waiting to get your child tax credit refund and it's been more than 21 days since you filed with the IRS, it's time to track your money...
IRS Releases Final Tax Credit Sale Regulations
The National Law Review· 6 days agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury released final regulations relating to transfers of certain tax...
Can the IRS Seize Your Tax Refund? 4 Reasons They Can (and How To Avoid It)
GOBankingRates via Yahoo Finance· 7 days agoAccording to data from the IRS, the average tax refund in 2024 has been $3,011, an increase of 4.6%...
Week in Insights: IRS Is Happy to Trade Refunds for Compliance
Bloomberg Law· 1 day agoThe US tax system operates on a voluntary basis—each taxpayer must report their income and calculating tax liabilities without direct ...