IRS targets tax non-compliance with AI, focusing on high-income taxpayers, digital currency users, and Employee Retention Credit claims. They aim for fairness and compliance among all income groups.
Learn about the odds of getting audited by the IRS and how claiming the Earned Income Tax Credit (EITC) can increase your chances of getting audited. With increased funding for the IRS, consulting a financial professional when filing your taxes is more important than ever.
Congressional Budget Office announced a proposal to increase funding for the IRS. Does that mean that more people are about to get audited?
When it comes time for financial documents to be corroborated, the three options available are an audit, a review and compilation. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The Compilation […]