With the 2023 tax season underway, some taxpayers are more likely than others to face audits from the IRS after filing. Research out from Stanford University found Black taxpayers are 2.9 to 4.7 times ...

It’s unlikely that you’ll be audited — the IRS audits less than 1% of the tax returns it receives. If an audit notice does show up, though, tax pros say there are a few basic steps you can take to ...

It’s unlikely that you’ll be audited — the IRS audits less than 1% of the tax returns it receives. If an audit notice does show up, though, tax pros say there are a few basic steps you can take to ...

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 ...

As the sun rose April 18, millions of Americans woke with a sense of relief. Tax day had come and gone, the tax forms having been duly deposited in the mailbox the day (or night) before. For those who ...

The United States has a voluntary tax reporting system. Once a tax return is filed, however, the IRS will seek to verify that filed tax returns comply with the tax laws. To achieve this, an IRS audit ...

The word "audit" can cause immediate worry. When a letter comes from the Internal Revenue Service (IRS), the fear and uncertainty can be overwhelming. However, an audit just means that the IRS wants ...

Franklin D. Roosevelt famously said, “The only thing we have to fear is fear itself.” It’s good advice in general — unless you get an audit letter from the IRS. The agency’s authority to collect taxes ...

You may picture a tax audit like a scene in the movies: IRS agents in dark suits show up at your door and sift through boxes of papers. Instead, most tax audits are much less dramatic. They usually ...

Last year I wrote an article on eight tips for avoiding an IRS audit. This year, I want to give you some advice on what to do if you receive an IRS audit notice. First, deal with the problem ...

HRSA’s “Audit Reporting Requirement Attestations” arrived in inboxes on Friday, March 22, 2024, and require a response by Friday, April 5, 2024. The government is under pressure to show that the money ...