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.
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 ...
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.
With the end of tax season, the fear of a tax audit can grow. Whatever the outcome, avoiding an IRS audit is crucial. But understanding your triggers can help you steer clear of unwanted scrutiny.
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual returns ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
Retirees who think they can escape the IRS audit machine should think again.