It's rare IRS agents will come knocking on your door to perform an audit these days. Most audits are now done via mail or in person at an IRS office or the taxpayer's place of business, but they're ...
Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs ...
Q: Tax season is at hand. My concern is a tax audit. Have never had that problem, but are there certain “items” that may trigger an IRS audit? P.N., Los Alamitos A: The IRS indicates that audits can ...
Audits can be a stressful prospect for a lot of folks, but you shouldn't let yourself get too worked up about them. Thomas is a native of upstate New York and a graduate of the University at Albany.
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. Tax preparers and advisers use the term 'disclosure ...
Missing the tax audit filing deadline can result in penalties, increased scrutiny, and delays in refunds. Many taxpayers are ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
The IRS is going after rich tax cheats. What does that mean for the rest of us? The Internal Revenue Service recently announced a campaign to dramatically increase audits of high-income Americans and ...
The Central Board of Direct Taxes has extended the income tax return filing deadline for certain assessees to December 10, 2025. The deadline for furnishing audit reports for the previous year 2024-25 ...