Don't want fat penalties? Here's what triggers the IRS' attention and how to stay off its radar.

This column is dedicated to those of you who spend much too much time worrying about getting selected for a tax audit. You ask, “What does ballroom dancing have to do with taxes and tax audits?” Let ...

If the idea of getting audited by the IRS fills you with dread, you aren’t alone. No business owner enjoys the thought of digging through years of receipts, bank statements and payroll documents and ...

The IRS audits very few returns, but mismatched income, overstated deductions, and easy-to-spot errors can still trigger IRS notices, reviews, and costly follow-ups.

Question: I just received an audit notice from the Internal Revenue Service for my 2023 S corporation and individual income tax returns. I prepared the bookkeeping and tax returns myself. The IRS has ...