Despite staffing cuts, the IRS is still looking for scofflaws. Red flags may include failing to report Bitcoin gains and ...

The IRS terminated about 7 percent of its roughly 100,000-person workforce in February, including at least 5,000 in the ...

The Oklahoma State University Interim President addressed the recent audit that found issues in the management and allocation ...

In March 2025, a rumor spread online that most of the Internal Revenue Service (IRS) agents that U.S. President Donald ...

While the fear of an IRS audit looms large for many Americans, the reality is that only a small fraction of taxpayers will ...

President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.

The layoffs could affect the number of audits conducted by the IRS this year, with Reuters reporting that the layoffs will hit a range of roles including auditors across the country. Investopedia ...

much of the IRS’ work is automated, she said. Your return will go through an automated system that can still flag trouble spots and send you to the audit pile. Mazur recommends that you submit ...

Be sure to find out where you land before filing. Also, there are several things you should know to avoid the dreaded tax audit. The IRS audits some returns to get a closer look. If you get the ...

Recent reports highlight a troubling trend: IRS audit rates have declined dramatically, particularly for high-income earners. A ProPublica investigation found that audits of millionaires have ...

They should also ensure additional caretakers like grandparents don’t try to claim a child on their return if they don’t meet the IRS requirements for doing so. Otherwise, an audit may be ...

Keith Srakocic/AP file Share The average taxpayer spends almost $160 filing their taxes, according to a 2024 IRS report. That’s about half a month of groceries for the average Illinois resident.