Don't want fat penalties? Here's what triggers the IRS' attention and how to stay off its radar.
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.
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.
This column is dedicated to those of you who spend much too much time worrying about getting selected for a tax audit. You ask, “What does ballroom dancing have to do with taxes and tax audits?” Let ...
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 ...