There are few things that strike more fear into the heart of the average taxpayer than the words "IRS audit." The thought of facing down an IRS auditor and having to explain your entire financial life ...

Tax audits are right up there with death, public speaking and needles on the list of things people fear, but you might be able to dial back the nail-biting this year. One, your odds of being audited ...

Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, just 0.25% of all returns are typically audited by the ...

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 ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

There are few words in the English language more likely to produce an involuntary wince than "audit." That's because having the IRS into every little detail of your tax return can mean having to ...

Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, less than 1% of all returns are typically audited by the ...

The June 20, 2024 report by the Treasury Inspector General for Tax Administration came as a shock to many. The TIGTA report explained that to meet an audit quota set in 2020, the IRS started examining ...

We explain who is likely to be audited by the IRS and what you can do to minimize your chances with tax software and other methods. I write about money. I’ve been reviewing tax software and services ...

Millions of Americans have filed their income tax returns already, and tens of millions more will be doing so in the coming weeks. With the heavy lifting done, people can turn their attention to other ...

TaxSlayer is good for those who want an easy to use, premium experience for a lower cost. However, in exchange for this, you’ll give up some bells and whistles the higher-priced services offer, such ...