The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming marathon of paperwork for taxpayers. The looming threat of an ...

For more than a century, the majority of colleges and universities have not paid most taxes. The Revenue Act of 1909 excused ...

You did it, you filed your taxes! It feels great, but what happens if you check the mail and receive an unexpected tax ...

The IRS is allowed to adjust tax liabilities without initiating an audit, and can send automated letters that often lack detail and ... "If the IRS finds a mistake on a tax return—for example, when a ...

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

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 ...

Missing a tax deadline can leave you with penalties and late fees but going to prison is rarely the first step by the IRS.

It sends audit letters using plain English and tax jargon, but the letters spell out exactly what the IRS needs. Here's an example CP05 letter. In most cases, individuals undergoing an audit need ...

In a letter to Acting IRS Commissioner Melanie Krause ... whom the IRS can essentially railroad in an audit or collections case.” Some examples of low-hanging fruit where the IRS may focus ...