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 ...

The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who ...

Navigating the complexities of tax filing can be daunting, especially with the looming possibility of an IRS audit.

Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs information to resolve discrepancies.

We are often asked how to prepare for an IRS audit. The first and most important thing to know is that speaking directly with the IRS is not in your best interest. IRS Revenue Officers (auditors) are ...

The Internal Revenue Service said it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years after a massive boost in funding by the ...

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

Each year, more than one hundred million Americans file their tax returns. While this process is routine, it is filled with pitfalls. Most taxpayers intend to comply with their obligations, but ...

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 ...

Investopedia.com names IRA Financial the best Self-Directed IRA company for audit protection for the fourth year in a row. We are so delighted that Investopedia has recognized the work we have done to ...

IRS report shows millionaires audited much more frequently than middle class. Dec. 23, 2009 — -- Wish you earned more than $200,000 a year? Here's at least one reason to be grateful if you don't: ...

Taxpayers in 25 states will need to find a new way to file their taxes in 2026 as the IRS has shut down the free Direct File ...