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Audit

A Bright Spot from Federal Budget Cuts: Fewer IRS Audits

Thanks to the government's austerity spending cuts, you have a lower chance of being audited this year. That's good news for you, but bad news for the federal budget.

Year-End Paperwork Purge: What to Keep, What to Shred

Even the most digitally savvy consumer can amass reams of paperwork by year's end, from ATM and gift receipts to credit card statements and tax forms. Here's the skinny on what to keep and what to toss in the year-end paperwork purge.

Your Taxes Are Due!

Unless you've filed for an extension, today is the last day to get your taxes turned in to the IRS. It also happens to be Tax Freedom Day, when the average American has worked enough days to have paid all their taxes for the year.

Celebrity Tax Blunders: What You Can Learn from How Fame Mishandles Fortune

For whatever reason, celebrities often end up crossing paths with the IRS, and surprisingly, most of the problems they have with the tax man are traps anyone could fall into. Here are some common mistakes of the stars, and what you can do to avoid them.

Tax Audit Red Flags: 11 Things That May Get the IRS to Pick You

Audits are avoidable: From outlandish charitable giving to claiming a home office, there are a host of specific thing that can set of warning bells with the IRS. Here are the things the IRS looks for, and tips to help you avoid its scrutiny.

Tax Cheaters Tend to Be Young, Single Men

Does Filing a Schedule C Make Me the Target of an Audit?

Taxpayer Rights: What You Need to Know If You Get Audited

How to Prepare for a Tax Audit

Fraud Files: Koss Corp. Sues Its Auditor for Failing to Detect Fraud

Koss Corp. has sued its auditor, Grant Thornton, for failing to find the alleged $31 million fraud perpetrated by Koss' VP of Finance. It's easy to point fingers, but in this case, it seems clear the blame lies with Koss management.

I survived an audit: What I've learned and what you need to know

IRS Is Picking on the Little Guys -- and Losing Money

Want to lower your odds of an IRS audit? Try filing as a multibillion-dollar corporation. The IRS has cut back the time it spends auditing large companies by a third, even though auditors recover $9,354 per hour from their filing errors -- eight times more than is recovered in audits of smaller businesses.