A mismatch sends up a red flag and causes the IRS computers to spit out a bill that the IRS will mail to you (these letters ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

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

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 ...

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 ...

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

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, ...

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. It is only natural to be worried about being ...

Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...

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?

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 ...

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. The IRS wants you to “disclose” if you do not have ...