Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...

“Audit rates for the average taxpayer have remained relatively low for years and will likely continue at similar levels in ...

A tax attorney shared 4 of the most common IRS audit triggers he's seen. Keeping extensive records can go a long way in preventing tax mistakes, he said. Taxes are already complicated, and filing ...

Keep reading to discover nine red flags that can trigger a tax audit and what you can do to avoid problems with the IRS. You’re not the only one who receives W-2 forms and 1099s reporting your ...

After the April 15 tax filing deadline, the IRS intensifies its scrutiny on taxpayers who may have committed tax fraud or significant errors in their returns. The focus is on detecting false ...

Whatever the outcome, avoiding an IRS audit is crucial. But understanding your triggers can help you steer clear of unwanted scrutiny. From excessive deductions to offshore assets, there are ...

For most taxpayers, it's unlikely that they will be audited by the IRS. But that doesn't mean it's completely out of the question. While the number of audits has dropped dramatically in recent ...

Another trigger for an audit is if the information on your return is connected to someone else’s, such as a business partner or investor, who is being audited. Who gets audited by the IRS the most?

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works ...

Opinion: Plante Moran's Jennifer Keegan and Ginger Powell analyze the IRS's auditing approach to the R&D tax credit and ways ...

This prompts the IRS to flag returns for audit to ensure compliance. Failure to report income is another common audit trigger. Many believe that if they only made $5,000 and had $7,000 in expenses ...