Fact checked by Vikki Velasquez Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax ...

Common triggers for an IRS audit. Your chances of being audited are slim — fewer than one in 10 taxpayers was audited for returns filed between 2013 and 2021, the IRS reported. Tax audits can ...

It often starts with a letter from the IRS. Join our community today and get unlimited access to Accounting Today.

If the IRS can demonstrate fraudulent intent, it retains the right to collect the debt regardless of how much time has passed ...

You may be able to settle your tax debt for less, but negotiating with the IRS can be tricky. Getty Images/iStockphoto The final tax filing deadline for 2024 taxes has passed, but what many ...

Facing an IRS Audit? Here's Your Immediate ... Whatley recommends using the Taxpayer Advocate Service if you can't afford representation. The IRS also runs tax clinics for qualifying low-income ...