April 15 was Tax Day. If you filed this year, you may be worried about whether you submitted all your materials correctly or put yourself at risk of being audited. An Internal Revenue Service (IRS) ...

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 ...

The just-completed tax season is plunking another 160 million tax returns on the IRS’s front doorstep. And if you reported more than $400,000 in income, the likelihood you’re going to be audited will ...

No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal ...

You've received a letter from the IRS regarding an audit. Stay calm and assess the situation. The letter you receive may be one of three types: Adjustment Letter – This notifies you of a change in ...

Turns out, the Cohan Rule may help you. Though there are no guarantees, of course. According to a recent Forbes article, the Cohan Rule was the result of a well-known case called Cohan v. Commissioner ...

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 million in 2021 were served an audit notice from the Internal Revenue Service ...

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U.S. Senator Marsha Blackburn (R-Tenn.) introduced legislation Wednesday aimed at ending what she describes as an unfair ...