Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax attorney Alyssa Maloof Whatley. "A ...

IRS audits can be triggered by errors in income, assets, deductions, or crypto. Accuracy, honesty, and proper records are the ...

IRS audits don't happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.

The IRS understands that filing your taxes is like pulling teeth -- but that doesn't excuse sloppy filing or intentional misrepresentation.

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...

Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more ...

The IRS pays close attention to certain business credits. Without proper documentation, taking this one could put you at greater audit risk.

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 prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...

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 ...