These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

Most taxpayers won’t be audited, but common mistakes—like reporting errors or inconsistencies—can raise red flags. Knowing ...

Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.

The tax cuts enacted last month aren’t the only good news for high-income taxpayers. The risk of an in-depth audit by the Internal Revenue Service is likely to ease this year, reversing a two-year ...

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Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual returns ...

Plus: Tax check-ups, changes for Social Security beneficiaries, considerations for retirees abroad, IRS audit rates and enforcement, tax refund checks and payment plans, tax filing deadlines, tax ...

Happy Valentine's Day! While you're celebrating with your loved ones, don't forget about an important date two months from now. With tax season in full swing and just 60 days until Tax Day, most ...

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Regardless of your income, you shouldn't round numbers or estimate ...