Businesses in Rwanda whose tax affairs were audited paid on average an additional $17,246 in taxes over the three years following the audit, a recent study shows. The figure represents 5.9% of all ...

Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...

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 ...

These 10 common phrases and offhanded remarks can quickly raise your audit risk. Here's why they're major red flags, and what to say instead at tax time.

The IRS audits very few returns, but its computers can spot mismatched income, overstated deductions, and other errors, triggering IRS notices, reviews, and costly follow-ups. When people say they’ve ...