My recent blog, So, The IRS Has Selected Your Return for Audit, discussed the four types of IRS audits. What factors may trigger an audit of a business’s income tax return? The presence of multiple ...

The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite scrutiny, regardless of income. Some red flags could include unreported ...

Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she's looking at four questions on your chances of an ...

Freelancing offers flexibility and extra income, but small tax mistakes can quickly become red flags that attract unwanted ...

Though tax time isn't exactly associated with spooky season, there is one entity that strikes fear into the hearts of tax filers as much as any ghost or goblin would — the IRS audit. An audit is an ...

Several events may trigger an IRS audit, such as unusual activity or discrepancies on your tax return. While the IRS audit process can be daunting, understanding what triggers an audit can help you ...