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7 tax mistakes many retirees make that could trigger an audit
Seniors are facing surprise IRS audits as algorithms shift and post-retirement finances change. Learn common triggers and how ...
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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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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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Careful when you do your taxes fast to get a refund. A mistake may mean an audit instead.
Many Americans think rushing through their taxes will get them a refund sooner. In most cases that may be true, but what really works best is doing your taxes right, experts say. If something doesn't ...
The June 20, 2024 report by the Treasury Inspector General for Tax Administration came as a shock to many. The TIGTA report explained that to meet an audit quota set in 2020, the IRS started examining ...
FinanceBuzz on MSN
Experts Share 8 Tax Mistakes That Could Land You in an IRS Audit
Financial experts reveal eight common tax mistakes that can increase your chances of triggering an IRS audit and explain how ...
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 ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Jan 22, 2025, 11:02am EST Jan 22, 2025, 03:49pm EST Concept image ...
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The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type
Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...
A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. It is only natural to be worried about being ...
A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line ...
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