Many taxpayers in the United States wonder if the IRS can audit them based on the amount of money in their bank accounts. The short answer is not exactly. The IRS does not initiate audits solely ...

These tax scams promise big tax refunds to those who claim oddball credits. IRS warns that inaccurate claims trigger delays ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

From unreported income to large deductions, here are eight common red flags that could trigger an IRS audit — and how to ...

Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...

The IRS audits very few returns, but its computers can spot mismatched income, overstated deductions, and other errors, triggering IRS notices, reviews, and costly follow-ups. When people say they’ve ...

Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or 566)? What do you need to know? Many taxpayers wonder why they were selected ...

These 10 common phrases and offhanded remarks can quickly raise your audit risk. Here's why they're major red flags, and what to say instead at tax time.