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.
Most taxpayers will never be audited by the IRS, however, when you file your tax returns, there is a chance that you’ve made ...
Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of questions. Will you ever get ...
For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...
Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an audit on your 2026 tax return.
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 ...
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 ...