Get ready to meet the IRS again, especially if you’re a high-income filer or a small business owner.
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.
I’m a tax expert — here’s how I avoid IRS audits every year - A quarter of taxpayers worry about being audited ...
The Internal Revenue Service (IRS) has commenced its annual tax season activities, diligently processing returns and issuing refunds. However, taxpayers should be aware that certain errors in their ...
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, ...
As you bask in your retirement years, traveling, enjoying dinners with your friends, spending time with family, finding new hobbies, and returning to old ones, you may think your chances of an IRS ...
As you're getting ready to file your tax return, you may be wondering about the chances that the IRS will audit your return. Your fear might be heightened, knowing that the Biden-era Reduction Act ...
PHOENIX – An IRS audit affirmed Grand Canyon University’s tax-exempt status as a nonprofit institution, the Phoenix-based school announced Tuesday. It’s the second win in less than a week for the ...
Most tax audits don't start because someone tried to cheat the system. Take it from me, I was audited three times by the IRS in my 20s. A good-faith error one year ...
While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.
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 ...