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Irs Audit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IRS audit crackdown: Who s most likely to be targeted

The IRS plans to more than double its audit rate for its wealthiest taxpayers.

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Hooray, tax season is over Did you avoid these red flags for the IRS?

Although only one out of 500 tax returns is audited, resisting the temptation to fudge a bit here and there is far better than the pain of an audit.

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Will Putting Your Tax Return On Extension Increase IRS Audit Risk?

There’s no shame in an extension. Everyone can automatically get until October 15 by filing (electronically or by mail) a tiny form.

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Some Taxpayers Beat The IRS In Court—Even If They Don t Have Receipts

Cohan v. Commissioner stands for the wonderful proposition that in an IRS audit, even if you don’t have receipts, you might still qualify for a tax deduction.

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IRS Goes After Business Executives, Ramps Up Audits on Private Jet Travel

The audits will target planes used by big companies and wealthy individuals to ensure fair allocation of tax deductions. Read more.

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