InstallmentPlan

It's an annual rite of passage that almost every taxpayer goes through: Interpreting the latest and greatest IRS rules. Of course, that leads to lots of tax questions. Luckily, we have the answers. Below tax blogger and attorney Kelly Phillips Erb tackles some of your top tax questions.

The good news: You survived an audit. So what now? If you are audited and the result is that there are no adjustments to your return (or if you get a refund), it decreases your odds of being audited in subsequent years. If you are audited on the same items two years in a row with no additional...

It's one nightmare everyone hopes to avoid: owing the IRS a lot of money. It's not pretty, but it happens a lot. What do you do? Well the worst thing you can do is to not file a tax return. If you prepare your taxes and find you owe a lot of money, you must still file the return. Not filing can...