Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...

Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize ...

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 ...

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

Every filing season, the IRS rolls out practical guidance that could save taxpayers time, money, and stress, yet a surprising ...

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...

Following are examples of tried and proven tax-reduction tips: Get help. The U.S. Internal Revenue Code is 3.4 million words long. It changes every year, often in ways that directly affect ...

A mismatch sends up a red flag and causes the IRS computers to spit out a bill that the IRS will mail to you (these letters ...

Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...

Question: We just received an audit notice from the Internal Revenue Service for our 2021 income tax return. I prepared the tax return using purchased software and followed the software instructions ...