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10 tax mistakes that could trigger an IRS audit (from someone audited)
Even simple mistakes can raise red flags with the IRS. Here's what deserves special attention so you can avoid triggering an ...
Each year on April 15, the Internal Revenue Service expects Americans to file their annual tax returns, and in doing so, Americans expect U.S. tax policy to be administered fairly across demographic ...
Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, less than 1% of all returns are typically audited by the ...
A colleague recently was audited by the IRS. Do you have any tips for preventing an audit on my tax return? The word “audit” strikes fear in the hearts of most people. Audits are a common concern for ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
If you're like most Americans, one of your worst fears is having your tax return audited by the IRS. In 2014, the IRS audited nearly 1.4 million tax returns, and almost 1.7 million notices were sent ...
While the Biden administration is planning to audit more tax returns of those who make more than $400,000 annually to recoup revenue, a new analysis of a Trump administration policy suggests targeting ...
Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...
WASHINGTON (AP) — The IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a congressional panel found on Tuesday, raising questions about statements by the ...
THE PASSAGE OF SARBANES-OXLEY LEFT MANY TAX practitioners wondering where they fit in under these new rules. The act did not list most tax services as one of the prohibited nonaudit services but said ...
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