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Why the IRS doesn't need to audit you to empty your bank account
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.
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Can you still get your tax refund during an IRS audit?
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of questions. Will you ever get ...
If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most important thing to ...
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The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type
Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...
For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...
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The IRS Is 4 Times More Likely To Consider You For An Audit If You Make This Much Money
Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...
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