IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.
Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more attention than you might expect.
The IRS understands that filing your taxes is like pulling teeth -- but that doesn't excuse sloppy filing or intentional misrepresentation.
When it comes to tax compliance, the Internal Revenue Service (IRS) is vigilant in ensuring that all income is accurately ...
The IRS pays close attention to certain business credits. Without proper documentation, taking this one could put you at greater audit risk.
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 ...
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The prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
The IRS is supposed to focus on audits of corporations and high-income and wealthy taxpayers. But who’s really under the agency’s microscope? Some answers can be found in a new report shedding light ...