WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Senate has officially ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, just 0.25% of all returns are typically audited by the ...

When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...

Receiving an audit letter from the Internal Revenue Service is not the way anyone wants to end the tax season. However, not every audit that arrives in a taxpayer’s mailbox requires a face-to-face ...

The Bureau of Internal Revenue (BIR) ended the two-month suspension of tax audit activities after issuing Revenue Memorandum Circular (RMC) No. 8-2026 and Revenue Memorandum Order (RMO) No. 1-2026.

The Bureau of Internal Revenue (BIR) entered 2026 with an important shift in identifying taxpayers that will undergo tax audits. Revenue Memorandum Order (RMO) No. 12026 outlines a system-assisted, ...

For decades, the tax process has centered around compliance. And for good reason — it's an important and highly scrutinized output of the tax function. But if compliance is the endgame, what about all ...

Before the introduction of payroll software, calculating employees’ wages and tax withholdings was tedious. It meant making painstaking manual calculations for every employee, and those calculations ...

Filing taxes yourself has never been easier. As long as you have internet access, you can submit your tax return from the comfort of your couch. Before you get started, however, you'll have to choose ...