IRS audits are stressful and costly. Learn best practices and tips that will reduce your chances of getting audited by the ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...
These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...
The tax cuts enacted last month aren’t the only good news for high-income taxpayers. The risk of an in-depth audit by the Internal Revenue Service is likely to ease this year, reversing a two-year ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
With tax season approaching, the IRS is encouraging taxpayers to plan ahead and ensure proper documentation for key ...
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Most taxpayers won’t be audited, but common mistakes—like reporting errors or inconsistencies—can raise red flags. Knowing ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To keep legitimate write-offs while avoiding IRS scrutiny, I focus on how each ...
Seniors are facing surprise IRS audits as algorithms shift and post-retirement finances change. Learn common triggers and how to safeguard your retirement.