Kiplinger shared audit red flags to avoid if you don't want to draw unnecessary attention from the IRS. The IRS receives ...

Hot tub purchases and bicycles for physical therapy are among the unusual HSA reimbursements, but experts warn that one ...

The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who ...

Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...

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

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 ...

Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs information to resolve discrepancies.

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 ...

Experts said the IRS won't be fully operational for weeks and its employees face a backlog of questions and preparations for ...

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 ...

Investopedia.com names IRA Financial the best Self-Directed IRA company for audit protection for the fourth year in a row. We are so delighted that Investopedia has recognized the work we have done to ...