The IRS audits very few returns, but mismatched income, overstated deductions, and easy-to-spot errors can still trigger IRS notices, reviews, and costly follow-ups.
HRSA’s “Audit Reporting Requirement Attestations” arrived in inboxes on Friday, March 22, 2024, and require a response by Friday, April 5, 2024. The government is under pressure to show that the money ...
With the 2023 tax season underway, some taxpayers are more likely than others to face audits from the IRS after filing. Research out from Stanford University found Black taxpayers are 2.9 to 4.7 times ...
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of questions. Will you ever get ...
Franklin D. Roosevelt famously said, “The only thing we have to fear is fear itself.” It’s good advice in general — unless you get an audit letter from the IRS. The agency’s authority to collect taxes ...
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 attorney Alyssa Maloof Whatley. "A ...
You may picture a tax audit like a scene in the movies: IRS agents in dark suits show up at your door and sift through boxes of papers. Instead, most tax audits are much less dramatic. They usually ...