The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...

A view of the IRS headquarters. (Photo by Karen Bleier/AFP via Getty Images) The IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes inputs from humans, ...

The IRS pays close attention to certain business credits. Without proper documentation, taking this one could put you at greater audit risk.

The Internal Revenue Service has launched a new initiative using artificial intelligence to detect and penalize tax evasion amongst 75 hedge funds, private equity groups, real estate investors, and ...

The IRS has released an update on its strategic operating plan, which outlines "major accomplishments" in taxpayer service, technology and enforcement since its infusion of funding less than two years ...

In a government shutdown, most federal agencies and workers experience some impact. All "non-essential" work is forced to stop. However, federal agencies have backup plans, and essential services ...

Audits by the IRS are most taxpayers' worst nightmares. While the likelihood of an audit is less than 1%, and only 0.86% of U.S. taxpayers were audited last year, there are certain factors that ...

WASHINGTON -- The Internal Revenue Service is asking a government watchdog to review a pair of exceedingly rare and invasive tax audits targeting James Comey and Andrew McCabe, a spokesperson ...

WASHINGTON — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed ...

When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...

PHOENIX – An IRS audit affirmed Grand Canyon University’s tax-exempt status as a nonprofit institution, the Phoenix-based school announced Tuesday. It’s the second win in less than a week for the ...

Defense Secretary Pete Hegseth on Monday alleged that the Biden administration “rushed” an IRS audit of him after he was nominated, suggesting that the former administration ordered a politically ...