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How far back can the IRS audit you? Here's what might trigger one.
USA TODAY via Yahoo Finance· 2 months agoIt's rare IRS agents will come knocking on your door to perform an audit these days. Most audits are now done via mail or in person at an IRS office or the taxpayer's place of business, but ...
IRS is sending out collection letters for the first time in 2 years. Here's what to know.
USA TODAY via Yahoo Finance· 4 months agoThe IRS collection letters are arriving in mailboxes once again. And if you get one, tax...
IRS plans to increase audit rates of wealthy taxpayers by 50%
CNN via Yahoo Finance· 1 month agoThe Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of...
Flush with new funding, the IRS zeroes in on the taxes of uber-wealthy Americans
USA TODAY via Yahoo Finance· 7 months agoThe IRS is going after rich tax cheats. What does that mean for the rest of us? The Internal Revenue...
Trump tax audits required by IRS were delayed, panel says
theGrio via AOL· 1 year agoThe IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a...
IRS has collected $160 million in back taxes by cracking down on millionaires
CNN via Yahoo News· 8 months agoThe Internal Revenue Service has collected $160 million in back taxes this year by cracking down on...
IRS using new funding on better technology to collect taxes
United Press International via Yahoo News· 9 months agoIRS Commissioner Daniel Werfel released a plan in early 2023 promising that "technology and data...
Do Certain Tax Returns Run a Greater Risk of Being Audited?
GOBankingRates via Yahoo Finance· 1 year agoIn 2022, the IRS audited 626,204 income tax returns -- 0.38% of filings. That number could increase...
IRS sets the record straight: We’re going after tax evaders, not honest Americans: Op-Ed
Yahoo Finance via AOL· 2 years agoThis is an op-ed from Charles P. Rettig, the 49th Commissioner of the IRS. As the nation’s tax...
Why Republicans Are Attacking IRS Funding In Biden's Inflation Reduction Act
HuffPost via Yahoo News· 2 years agoThe IRS may have unwittingly helped thousands of superrich Americans stash their wealth in offshore...