The IRS audits very few returns, but mismatched income, overstated deductions, and easy-to-spot errors can still trigger IRS notices, reviews, and costly follow-ups.
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most ...
Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize discrepancies and reduce your chances.
Retiring quietly doesn't always mean retiring stress-free, especially when it comes to taxes. Many seniors assume their IRS risk drops once they stop working, but new algorithm updates and financial ...
Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...
Every filing season, the IRS rolls out practical guidance that could save taxpayers time, money, and stress, yet a surprising number of people still rush their returns and repeat the same avoidable ...
Question: I just received an audit notice from the Internal Revenue Service for my 2023 S corporation and individual income tax returns. I prepared the bookkeeping and tax returns myself. The IRS has ...