IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.

When it comes to tax compliance, the Internal Revenue Service (IRS) is vigilant in ensuring that all income is accurately ...

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 prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...

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 ...

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 ...

For most taxpayers, interactions with the IRS beyond the annual obligation to report income and other financial information is something to be avoided at all costs. IRS agents work tirelessly to sift ...

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 ...

Former President Donald Trump may face a tax bill of more than $100 million after an audit from the Internal Revenue Service. According to a report from The New York Times and ProPublica, the audit ...