A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you face a tax audit and can legitimately point ...

When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...

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, ...

There's no denying that feeling of relief once you e-file or mail in your federal income tax return. Whether you're expecting a fat refund or wound up owing Uncle Sam some money instead, at least the ...

With the tax filing season officially closed—including the October 15 extensions—the Internal Revenue Service (IRS) is preparing to resume its audits after the prolonged government shutdown during the ...

With the end of tax season, the fear of a tax audit can grow. Whatever the outcome, avoiding an IRS audit is crucial. But understanding your triggers can help you steer clear of unwanted scrutiny.

IRS audits can be so nerve-wracking that, according to the tax agency, 62% of Americans avoid cheating Uncle Sam on their taxes just to steer clear of them. But what can happen if the IRS audits you?

The IRS audited 2.3% fewer returns in fiscal year 2022 compared to 2021, the Internal Revenue Service Data Book shows. But even with fewer audits, the agency kept a close watch on credits and ...

As you bask in your retirement years, traveling, enjoying dinners with your friends, spending time with family, finding new ...