Money Digest on MSN

The Tax Numbers That Could Increase Your Risk Of An IRS Audit

Think your return is safe? Some tax numbers could suggest otherwise and increase your risk of an IRS audit. Here is what ...
Hosted on MSN

Facing an IRS Audit? Here's Your Immediate Action Plan

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 ...
GOBankingRates on MSN

10 Ways to Avoid an IRS Tax Audit in 2025

Some people aren’t paying their taxes. According to the latest data from the Internal Revenue Service, the tax gap for the ...
Chicago Sun-Times

Tax-filing mistake could trigger IRS audit

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Albuquerque Journal

IRS resources should increase in-person audits

IRS audit rates are at record lows. Five of six IRS audits are now "correspondence" audits. These are letters sent by mail and handled by employees below the ranks of agents (lesser trained and ...
Southeast Missourian

IRS audits may not catch wealthy evading taxes on business income

WASHINGTON -- The Internal Revenue Service has been auditing more high-income taxpayers but may not be effectively going after one of the biggest problems -- wealthy people who evade taxes by ...
Hosted on MSN

11 Red Flags That Could Increase Your Risk Of An IRS Audit

IRS audits can be so nerve-wracking that, according to the tax agency, 62% of Americans avoid cheating Uncle Sam on their taxes just to steer clear of them. But what can happen if the IRS audits you?
NBC 10 Philadelphia

These red flags that can trigger an IRS tax audit are ‘low hanging fruit,' expert says

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Still, some areas can be "low-hanging fruit for the IRS," said Mark ...
Kiplinger

IRS Hauls Back $1.3 Billion From High-Income Earners

IRS audits aren’t new and recent news is no exception. Due to an influx of funding from the Inflation Reduction Act (IRA), the federal tax agency has been cracking down on high-income and wealthy ...
Kiplinger

Fewer Agents, Fewer Audits: How IRS Staff Cuts Are Changing Enforcement

In May, the U.S. Treasury Inspector General for Tax Administration (TIGTA) released a report examining the details of the reduction in workforce that the IRS has been experiencing since the dismissal ...
NBC Chicago

These red flags that can trigger an IRS tax audit are ‘low hanging fruit,' expert says

As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. Stream NBC 5 for free, 24/7, wherever you are. Regardless of your ...