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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.
Fact checked by Vikki Velasquez Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax ...
The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite scrutiny, regardless of income.
TIGTA reports that the IRS has not developed a methodology to comply with a 2022 directive that bars IRA funding from being used to increase audits on households earning $400,000 or less annually.
What IRS AI Is Flagging in 2025 Clear Start Tax explains that the new algorithms are designed to detect patterns that deviate from statistical norms or raise compliance red flags.
Be sure to find out where you land before filing. Also, there are several things you should know to avoid the dreaded tax audit. The IRS audits some returns to get a closer look.