Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...

Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize ...

Every filing season, the IRS rolls out practical guidance that could save taxpayers time, money, and stress, yet a surprising ...

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 ...

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 ...

Facing an IRS audit? Get expert tips from Eric Freeman & Ken McElroy on audit preparation, business finances, and tax planning. Learn how to keep good records and handle deductions. List of companies ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues ...

A mismatch sends up a red flag and causes the IRS computers to spit out a bill that the IRS will mail to you (these letters ...

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 ...