Despite Internal Revenue Service assertions that it had halted the decline in the government's efforts to police corporate tax non-compliance, the pace of corporate audits is running well below record ...

Internal Revenue Service agents are spending more time conducting face-to-face corporate audits that produce no revenue, according to a report released by the tax division of Syracuse University’s ...

First, there were trackers on Taylor Swift and other celebrities' private jet usage. Now, the IRS is scrutinizing businesses' use of private aircraft, with the tax agency announcing that it will ramp ...

The Internal Revenue Service (IRS) is increasing audits on corporate aircraft use for high-net-worth individuals, large corporations and complex partnerships as part of its new initiative using ...

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Corporate auditing is not normally seen as a creative act. Yet in-house audit guidelines at the Big 4 firms grant individual auditors a significant degree of discretion. And it turns out that there is ...

The IRS plans “dozens of new audits” of corporate jet usage as part of its increased scrutiny of large corporations, complex partnerships and top earners. The agency believes some companies overstate ...

Audits will be focused on aircrafts used by large corporations, large partnerships and high-income taxpayers with a look at whether there is a proper allocation between business and personal use.

The Biden Administration’s new corporate tax increase proposal will face substantial challenges in both branches of Congress this year. The IRS continues to focus on the tax profiles of large ...

The Internal Revenue Service is fundamentally shifting its approach to auditing business tax returns, hoping to rapidly expand the number of businesses it audits by shrinking the time and scope of ...

At a time when society is facing unprecedented disruption and upheaval, and public monies are being used to support business solvency and liquidity, management conduct and obligations are facing ...