A recent article in the New York Times could be good news for high-net-worth clients who worry about being subject to tax audits. After analyzing historical data, the Times found that the audit rate ...
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight ...
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The IRS Is 4 Times More Likely To Consider You For An Audit If You Make This Much Money
Audit rates dropped sharply -- down 46% -- between 2010 and 2018. The audit rate for individual tax returns went from 1.1% to just 0.6%, based on a Congressional Budget Office report. By 2022, the IRS ...
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 ...
For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works, and what ...
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The fear of an IRS audit is real, for what reasons do they choose you?
The prospect of an IRS audit can be daunting for many American taxpayers. Despite the common fear, the truth is that only a ...
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The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type
Tax administration is still a big task for the federal government every year. The Internal Revenue Service (IRS) processed more than 266 million tax returns in fiscal year 2024. It collected $5.1 ...
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