Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

The IRS processed roughly 266 million tax returns during fiscal year 2024, and not every one of those returns passed through the system cleanly. More than half a million were pulled aside for a closer ...

Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or 566)? What do you need to know? Many taxpayers wonder why they were selected ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

Contractors in construction are among the most frequently audited industries by the IRS. Proper documentation and organized records are essential to reducing audit stress and time. Hiring an enrolled ...