The just-completed tax season is plunking another 160 million tax returns on the IRS’s front doorstep. And if you reported more than $400,000 in income, the likelihood you’re going to be audited will ...
The chances of being audited by the IRS are rare, but it can leave you with an uneasy feeling nonetheless. Audits usually happen when the agency wants to take a closer look at your return to make sure ...
No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal ...
Kiplinger shared audit red flags to avoid if you don't want to draw unnecessary attention from the IRS. The IRS receives copies of all the 1099s and W-2s you have, so be sure you report all required ...
Here's what to know if you are in a dispute with the IRS or waiting for a refund—and how delays could impact next year's tax ...
Turns out, the Cohan Rule may help you. Though there are no guarantees, of course. According to a recent Forbes article, the Cohan Rule was the result of a well-known case called Cohan v. Commissioner ...
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As of May 2025, the IRS had lost more than 25% of its mission-critical enforcement staff, including auditors who handle ...