Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
If you're like most Americans, one of your worst fears is having your tax return audited by the IRS. In 2014, the IRS audited nearly 1.4 million tax returns, and almost 1.7 million notices were sent ...
IRS Audits help the agency collect money that tax cheats owe the federal government, but experts say they also serve another important purpose: They help deter fraud. That can cause some serious agita ...
If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most ...
When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
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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 ...
The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act, according ...
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.