tax audit

Surviving an IRS Audit: Your 5-Point Guide

If you're unlucky enough to get audited by the IRS, hiring a tax professional to help you get through the process is your best bet. But if you can't afford to bring in a pro, here are some tips that will you help you survive your audit.

Afraid of an IRS Audit? It's Not As Bad As You Think

No one is claiming that an IRS audit is a cakewalk. But a tax audit is probably less likely -- and less gruesome -- than most people fear. And the IRS isn't allowed to swoop down upon you just any old time: Their clock is ticking.

Before You Cheer IRS Budget Cuts, Consider This

Nobody enjoys paying taxes, so hearing that Congress is cutting the IRS budget might inspire you to applaud. But this is the agency that makes sure the rest of government gets funded, and stops the unscrupulous from dodging their fair share of the burden.

How to Prepare for a Tax Audit

It's no secret that the IRS is ramping up the number of audits in an attempt to close the "tax gap." That's the term the IRS is using to account for...

Tax Audit Frequently Asked Questions

For the fiscal year 2009, about 1.4 million taxpayers were chosen for audit. This represents about 1% of the 140 million tax returns filed in 2008 --...

How to prepare for a tax audit

It's no secret that the IRS is ramping up the number of audits in an attempt to close the "tax gap." That's the term the IRS is using to account for...

Nicolas Cage cuts a deal with the IRS

Recent news that celebrity Nicolas Cage (real name Nicolas Coppola) cut a deal with the Internal Revenue Service to pay $666,000 plus interest has...