Earning a lot of money “Simply earning a lot of money can be a red flag for an audit,” Allec says. For instance, the IRS examined 0.5 percent of all individual returns for the 2017 tax year.

An IRS audit is an extensive review of your taxes and financial records to ensure you reported everything accurately. Though most people have a less than 1% chance of being audited, it’s not ...

Middle Class Tax Refund had problems with customer service and fraud, audit finds. A report by the California State Auditor is critical of the state's program to give stimulus money to Californians ...

Finally, taxpayers should watch out for scams that will try to use tax season to steal a taxpayer’s identity. This is often done by setting up a phony tax preparation service.

By any other name; poor Service; a saga continues; and other highlights of recent tax cases.

Morocco’s tax authorities have launched a large-scale audit campaign targeting companies that benefit from “fiscal domiciliation” contracts, amid suspicions of tax evasion, invoice fraud, and improper ...

Scammers are hitting individuals and employers with e-mail scams claiming to be the IRS looking financial information. Don't fall for it, here's what you need to know to protect yourself and your ...

But those who don't qualify for these tax credits risk facing a penalty of up to $5,000 per return for filing a frivolous claim. Taxpayers sending inaccurate claims also face the risk of a tax audit, ...

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.

House committee votes to release Trump's tax returns 01:45. The IRS auditors assigned to former President Donald Trump's taxes grappled with a tactic that is used frequently by Trump's legal team ...

The scams center around the Fuel Tax Credit, the Sick and Family Leave Credit and household employment taxes. The IRS said it's received thousands of dubious claims in which taxpayers seem to be ...