Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, just 0.25% of all returns are typically audited by the ...

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 ...

The Federal Board of Revenue (FBR) has decided to monitor more than 7 million income tax returns using artificial ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

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 ...

The Income Tax Department has announced a major relief for taxpayers by extending the deadline for filing tax audit reports for the financial year 2024–25. Initially set for September 30, the new due ...

For decades, the tax process has centered around compliance. And for good reason — it's an important and highly scrutinized output of the tax function. But if compliance is the endgame, what about all ...

HELENA, Mont. — In Helena on Monday, legislators reviewed a concerning audit report showing the Montana Board of Housing is falling short when it comes to the way they award a crucial tax credit. A ...