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 ...

The United States has a voluntary tax reporting system. Once a tax return is filed, however, the IRS will seek to verify that filed tax returns comply with the tax laws. To achieve this, an IRS audit ...

It's the envelope no taxpayer wants to open: an IRS audit notice. What should you do if one arrives? Curl into the fetal position? Run? Freak out? "Don't panic," advises Bob Meighan, vice president of ...

As the sun rose April 18, millions of Americans woke with a sense of relief. Tax day had come and gone, the tax forms having been duly deposited in the mailbox the day (or night) before. For those who ...

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 ...

The word "audit" can cause immediate worry. When a letter comes from the Internal Revenue Service (IRS), the fear and uncertainty can be overwhelming. However, an audit just means that the IRS wants ...

It’s unlikely that you’ll be audited — the IRS audits less than 1% of the tax returns it receives. If an audit notice does show up, though, tax pros say there are a few basic steps you can take to ...

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 ...

Getting your Trinity Audio player ready... Last year I wrote an article on eight tips for avoiding an IRS audit. This year, I want to give you some advice on what to do if you receive an IRS audit ...

The IRS uses several programs to check the accuracy of a tax return, and one of these programs is the math error program (Sec. 6213(b)). In this program, the IRS uses ...