For most Americans, the staffing cuts will not affect the way the IRS audits their tax returns. The wealthy won't see their ...

According to the article, “No IRS agents needed.” The remaining auditing staff works on the tax returns of the wealthy such as Elon Musk, President Donald Trump and many of his campaign donors.

Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal year 2023, according to IRS ...

In our Ask the Editor: Taxes, April 18, round-up — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on amended ...

Letter: If you keep increasing the tax, soon anyone on a fixed income will be forced out of their homes because they are not ...

REITs offer a relatively hands-off way to invest in real estate while providing passive income. By law, U.S. REITs must pay ...

At the center of this upheaval are 25-year-old GAVIN KLIGER, a former startup engineer, and SAM CORCOS, DOGE lead at the Treasury Department and CEO of health-tech company Levels. As a special adviser ...

these agents deserve a tax code that acknowledges their sacrifice.” Unlike the private sector's typical time-and-a-half overtime system, federal law enforcement agents are compensated through a ...

That's a significant improvement from the 27-minute average from the past few years ... you might need while talking with the agent. The IRS recommends having the following items ready: If ...