Don't want fat penalties? Here's what triggers the IRS' attention and how to stay off its radar.
Most tax audits don't start because someone tried to cheat the system. Take it from me, I was audited three times by the IRS in my 20s. A good-faith error one year ...
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.
This column is dedicated to those of you who spend much too much time worrying about getting selected for a tax audit. You ask, “What does ballroom dancing have to do with taxes and tax audits?” Let ...
Forget the hacks and social media shortcuts. A former IRS insider explains the real traps that could trip up taxpayers this filing season—and how to avoid them.
Question: I just received an audit notice from the Internal Revenue Service for my 2023 S corporation and individual income tax returns. I prepared the bookkeeping and tax returns myself. The IRS has ...
There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS.