Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
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, ...
Many filers worry about an IRS tax audit. Here are some of the top red flags, according to tax pros.
Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...
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What is the statute of limitations for an IRS audit? What rules extend the window for an IRS audit? How long does the IRS usually have to complete an audit of your taxes? Everyone may have a little ...
Audits by the IRS are most taxpayers' worst nightmares. While the likelihood of an audit is less than 1%, and only 0.86% of U.S. taxpayers were audited last year, there are certain factors that ...
We are often asked how to prepare for an IRS audit. The first and most important thing to know is that speaking directly with the IRS is not in your best interest. IRS Revenue Officers (auditors) are ...
Audits are the Internal Revenue Service’s tool for spotting red flags in people’s tax returns. But with massive cuts to the agency’s workforce, the question now is whether the tax collector is waving ...