Oh, no! It’s a letter from the IRS talking about an audit — hide!
Read More >How Do I Fight an IRS Audit?
How Far Back Can the IRS Audit Your Tax Returns?
In 2019, the IRS received around 155 million individual tax returns. About 771,095 taxpayers got pegged for audit. While that shows slightly less than half a percent of a chance to be audited, it isn’t zero.
Read More >IRS Audits: What Raises a Red Flag?
No one is excited about being audited by the IRS. Even though the IRS has been slammed like everyone else, there is still a chance your return will get flagged for an audit.
Read More >How to Deal with an IRS Correspondence Audit
Nobody looks forward to receiving a notice from the IRS, especially one that says audit. However, of the three types of audits the agency performs, there is one you can almost be happy about — a correspondence audit.
Read More >Will 2020 Be the Year of the Audit?
Telling people not to panic at the threat of an IRS audit is like telling a Kardashian to avoid self-promotion. It’s an impossible dream. Now the powers-that-be are saying the chances of an audit (even though they’re already pretty small) may increase in 2020.
Read More >10 Easy Ways to Help Avoid an Audit
IRS audits are the worst, aren’t they? So, it pays to avoid them if at all possible. The best advice is to be entirely and totally honesty on your tax returns. Otherwise, if you follow these 10 tips, you could keep the IRS from knocking on your door in the near future.
Read More >What to Expect from the IRS in 2020
Every so often, the IRS itself is audited to make sure it’s following all the rules, regulations, and laws effectively and efficiently. Most businesses should do something similar to make sure nothing falls through the cracks. But when it’s the IRS, the results of resolving an audit issue can have ripple effects.
Read More >Divorce Made More Difficult – New Tax Changes to Alimony
The Tax Cuts and Jobs Act of 2017 created significant changes in exemptions, deductions, and credits for your federal taxes. One change you may not have noticed is the way alimony is treated.
Read More >What REALLY Happens if You Don't File Your Taxes
If you somehow missed all the clues that Tax Day was April 15 (every year), or all the specials from tax preparers running up to this year’s Tax Day, you may be wondering what to do now.
Read More >A Roundup of Our Top 5 Most Popular Posts of the Last Tax Year
Taxes become more complicated every year, and it doesn’t look like that trend will end anytime soon. We have gathered some of the most popular posts of the last tax year so you can get an idea of the kind of problems people are trying to solve and to put some of our most valuable advice in one spot.
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