Though the odds of being audited by the IRS are low – .05% of annual tax returns filed – the thought of it can immediately spark fear in any taxpayer, ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

No one wants to be audited by the Internal Revenue Service (IRS), as it can be a stressful and potentially expensive process. While there’s no sure-fire way to prevent an audit, knowing the steps you ...

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 ...

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. Nathan Goldman is a tax prof. at NC State Univ. As the onset of the new tax accounting reporting standard approaches, external ...

There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS.