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The IRS has a bad reputation as an agency that seeks to squeeze more money out of taxpayers. But the truth is as long as you are reporting your income appropriately -- taking only legitimate ...
Missing income. If you’re a gig worker or contractor and don’t include income from those jobs, the IRS will notice the missing income. In most cases, the agency gets copies of the 1099 forms ...
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Some people aren't paying their taxes. According to the Internal Revenue Service, the tax gap for the 2021 tax year increased to $688 billion. This was more than $138 billion higher than the 2017...
While AI can help streamline IRS audit processes and help ensure the wealthy 1% pay their fair share of taxes, dangers exist. ... staffing and new technology will not increase audit rates beyond ...
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