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.
The IRS has released an update on its strategic operating plan, which outlines "major accomplishments" in taxpayer service, technology and enforcement since its infusion of funding less than two years ...
Don't want fat penalties? Here's what triggers the IRS' attention and how to stay off its radar.
The IRS has released an update on its strategic operating plan, which outlines "major accomplishments" in taxpayer service, technology and enforcement since its infusion of funding less than two years ...
As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Still, some areas can be "low-hanging fruit for the IRS," said Mark ...
One of the new realities for U.S. taxpayers includes the responsibility for managing an IRS correspondence audit. What should you do if you are contacted regarding any form of IRS audit? Did you know ...
Taxpayers are typically worried they'll get audited for making mistakes on their returns, but audits are historically rare. The Trump administration reduced the number of IRS employees, so there is a ...
You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to ...
I’m a tax expert: Here’s my advice to avoid an IRS audit - A quarter of taxpayers worry about being audited ...
The IRS is trying to return money to millions of people! The Internal Revenue Service failed to send $3.7 billion in monthly child tax credit payments to 4.1 million eligible taxpayers last year, ...
If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most important thing to ...