Money Digest on MSN
The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type
IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.
Money Digest on MSN
This Type Of 'Loss' Could Increase Your Risk Of An IRS Audit
Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more attention than you might expect.
MiBolsilloColombia on MSN
IRS Audits: How to avoid Tax liens and seizures
When it comes to tax compliance, the Internal Revenue Service (IRS) is vigilant in ensuring that all income is accurately ...
The IRS understands that filing your taxes is like pulling teeth -- but that doesn't excuse sloppy filing or intentional misrepresentation.
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The IRS Is 4 Times More Likely To Consider You For An Audit If You Make This Much Money
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 ...
For most taxpayers, interactions with the IRS beyond the annual obligation to report income and other financial information is something to be avoided at all costs. IRS agents work tirelessly to sift ...
MiBolsilloColombia on MSN
The fear of an IRS audit is real, for what reasons do they choose you?
The prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...
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Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
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 ...
The IRS is supposed to focus on audits of corporations and high-income and wealthy taxpayers. But who’s really under the agency’s microscope? Some answers can be found in a new report shedding light ...
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