A tax audit is when the IRS calls to review a person or corporation's tax filings. Audits generally happen on the last three years of tax returns but can go back as far as six years. Many factors ...

An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...

The Trump administration is cutting hundreds of thousands of federal jobs to save money. At one federal agency, the cuts may ...

Forbes contributors publish independent expert analyses and insights. Bruce Brumberg makes the law and tax code understandable to everyone.

You may picture a tax audit like a scene in the movies: IRS agents in dark suits show up at your door and sift through boxes of papers. Instead, most tax audits are much less dramatic. They ...

From Self-Employment to Crypto, Clear Start Tax Outlines the Filing Mistakes Most Likely to Trigger IRS Audits in 2025 ...

An IRS audit is a review of your tax forms and financial documents to ensure that you filed your tax return correctly and followed applicable tax laws. "The purpose of the audit is to determine ...

Instead, under current law, the IRS generally has three long years to audit their tax returns. Originally instituted in 1934, ...

The overall audit rate for 2019 C corporation Form 1120 tax returns was 0.4%, while C corps reporting $250 million or more in assets had a nearly 9% audit rate. The IRS wants to raise that 9% ...