These red flags could increase your chances of the IRS selecting your return for audit.
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.
(NEXSTAR) – Ever get that sinking feeling when you see an unexpected letter from the Internal Revenue Service (IRS)? It can be hard not to, even if you have no reason to fear an audit. To have peace ...
With massive IRS staff cuts, can rich households expect the agency to ease up on audits? Audits are the Internal Revenue Service's tool for spotting red flags in people's tax returns. But with massive ...
Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or 566)? What do you need to know? Many taxpayers wonder why they were selected ...
Taxpayers are typically worried they'll get audited for making mistakes on their returns, but audits are historically rare. The Trump administration reduced the number of IRS employees, so there is a ...
For most taxpayers, it's unlikely that they will be audited by the IRS. But that doesn't mean it's completely out of the question. While the number of audits has dropped dramatically in recent years, ...
There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS.
When you go through a tax audit, the IRS takes a closer look at your tax return and the financials that go into it. Even if you've done nothing wrong, a tax audit represents an uncomfortable hassle, ...
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