It’s Time for Structural Reforms at the IRS

President Trump began his second term with bold steps to rein in bloated federal bureaucracy and restore accountability ...
JD Supra

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line ...
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Common Reasons Why the IRS Conducts Audits

Navigating the complexities of tax filing can be daunting, especially with the looming possibility of an IRS audit.
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The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...
JD Supra

Tax-Exempt Organizations Should Prepare Now For An IRS Tax Audit

It is an uncertain time to be a tax-exempt public charity or private foundation. The federal government has recently scrutinized certain tax-exempt organizations (see here), and draft congressional ...