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.
Retirees who think they can escape the IRS audit machine should think again.
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.
These red flags could increase your chances of the IRS selecting your return for audit.
With the end of tax season, the fear of a tax audit can grow. Whatever the outcome, avoiding an IRS audit is crucial. But understanding your triggers can help you steer clear of unwanted scrutiny.
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual returns ...
The Internal Revenue Service (IRS) has announced a more rigorous approach to audits in the upcoming tax season. This move aims to identify inconsistencies and ensure that taxpayers are adhering to ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
Sen. Joni Ernst (R-IA) is pushing for a regular audit of the Internal Revenue Service after a new inspector general report found that nearly 6,000 employees owe nearly $50 million in back taxes. The ...