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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 ...
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. If you face a tax audit and can legitimately point ...
When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
These red flags could increase your chances of the IRS selecting your return for audit.
A view of the IRS headquarters. (Photo by Karen Bleier/AFP via Getty Images) The IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes inputs from humans, ...
I don’t know of anybody who likes getting any letters from the IRS, especially one that is either a focused audit inquiry or the beginning of a real audit. How do you reduce the risk of getting any of ...
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 ...
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 ...
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 ...
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 ...
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