Bigger tax refunds may be coming — but missing key forms could flag your return for audit

Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when ...
THE WEEK

How long should you hold on to tax documents?

Even once your tax return is turned in, do not run any documents through the shredder just yet. You will want to hang on to certain items, such as tax forms and supporting paperwork, in case of an ...
Fox Business

IRS destroys 30 million tax documents, insists ‘no negative taxpayer consequences’

An audit of the Internal Revenue Service found staffers destroyed 30 million taxpayer documents, as they faced a massive backlog. However, the tax collection agency says no taxpayers were adversely ...
AOL

How To Request a Postponement of a Tax Audit

A tax audit is an examination of an individual or business tax return by the IRS to ensure the taxpayer has accurately reported income and paid the correct amount of taxes. Tax audits can be triggered ...
Forbes

IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever; States Can, Too

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you face a tax audit and can legitimately point ...
Forbes

In An IRS Audit, If You Don’t Have Receipts, Here’s A Workaround

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
NBC Chicago

If your tax return contains any of these 3 red flags, you're more likely to be audited by the IRS, CPAs say

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 million in 2021 were served an audit notice from the Internal Revenue Service ...