Common IRS audit triggers . The IRS initiates audits for a few different reasons, and any of the following can be a trigger ...
According to an IRS report, just 0.40% of individual tax returns are audited. Still, nobody wants to deal with an audit. This is especially true of seniors who are either looking forward to retirement ...
High-income business owners face increasing IRS scrutiny, here’s what you need to know to avoid common audit triggers. High-income taxpayers filing Schedule C or claiming aggressive deductions are ...
Most headlines about tax penalties focus on high-profile cases involving wealthy individuals or big businesses. If you’re a middle-income filer, you might breathe a sigh of relief, assuming your ...
Is an IRS audit less likely amid agency cuts? Some issues are still ‘low-hanging fruit,’ expert says
As of Dec. 18, the IRS was about 27% smaller compared to the start of 2025, with the workforce falling from more than 102,000 in January 2025 to about 74,000 in December. Despite staffing cuts, the ...
Tax season is upon us and while we know that you'd never intentionally try to get on the IRS' bad side, it's worth the quick reminder to be wary of how you do your taxes and avoid mistakes. If you're ...
Waitstaff, bartenders, salon workers, and other tipped employees could face greater IRS scrutiny under new compliance initiatives. IRVINE, CA / ACCESS Newswire / September 12, 2025 / The Internal ...
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