IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular ...

IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the ...

IRS enforcement priorities shift toward questionable write-offs, putting small business owners and self-employed taxpayers on ...

Stay audit-ready year-round with smart bookkeeping habits. Organize records, avoid last-minute stress, and confidently handle ...

U.S. taxpayers face big tax risks when making a loan to a foreign corporation. If IRS reclassifies as equity CFC and PFIC ...

Here's how you can claim contractors claim the 45L energy efficient home credit using Form 8908 for ENERGY STAR and ZERH ...

The IRS has announced plans to close nine Taxpayer Assistance Centers in six states. Unless changes are made, the closures ...

Waitstaff, bartenders, salon workers, and other tipped employees could face greater IRS scrutiny under new compliance ...

IRS expands focus on sharing economy earnings in 2025, raising compliance risks for taxpayers with rental or side gig income.

ITR Due Date Extension 2025 Live Updates: More than 7.3 crore ITRs have been filed till September 15, crossing last year’s ...

The Income Tax Department has clarified that (Monday) is the final deadline to file your Income Tax Return (ITR), dismissing ...

ITR Filing Deadline 2025 Extension Updates: The CBDT, the country’s apex body on direct taxes, on Monday extended by a day ...