At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.

If you face an audit related to any foreign investments, income, corporate holdings, retirement, or Passive Foreign Investment Company (PFIC) holdings, you need an experienced lawyer for an IRS audit.

In yet another challenge to press freedom in Hong Kong, government authorities have targeted numerous independent media outlets with simultaneous tax audits. Chairperson of the Hong Kong ...

Long Island Republicans blasted the Metropolitan Transportation Authority's latest tax crunch on suburban businesses -- calling Thursday for an audit of the chronically cash-strapped agency.

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

Staying audit-ready Crypto taxation is increasingly complex, but staying compliant doesn’t have to be stressful. The best practices? Use reliable crypto tax software, double-check every detail ...

Audits can be triggered randomly, by suspicious activity, or due to discrepancies found in tax returns.

These are the most common mistakes that can lead to an IRS audit, according to a tax lawyer. Here's how to avoid them.

Tax-filing mistake could trigger IRS audit If something doesn’t add up or match — whether intentionally or by accident — you run the risk of getting audited, experts say.

Many filers worry about an IRS tax audit. Here are some of the top red flags, according to tax pros.