Tax Audits

Georgia residents may have firsthand experience with how complicated the federal tax code can be. Such confusion has led to the creation of generalizations or myths that some may have come to take for granted. While it is true that the IRS generally audits those who...

When you prepare your tax return, you should be aware of key tax issues that might raise red flags with the Internal Revenue Service and lead to an examination of your business practices. IRS agents do not tell you everything about their mindset, agenda or procedures...

Georgia residents who are in business partnerships should be aware of regulations being proposed by the Internal Revenue Service regarding partnership audits. The agency is having a hearing that will provide taxpayers and their financial advisers the opportunity to...

There are several common mistakes that some Georgia residents make with their tax returns that could lead them to be targeted for audits. By avoiding these errors, taxpayers may reduce their chances of being selected for audits. If they are facing audits, they may...

According to reports, the Internal Revenue service has announced that the amount of tax audits it normally conducts will be greatly reduced for the 2016 tax year due to the low number of IRS workers and budget cuts. In fact, the chances a taxpayer will be audited has...

Tax audits are down for the fifth straight year according to information from the Wall Street Journal. In fiscal year 2016, just .7 percent of returns were audited, which translates to about one audit for every 143 returns. That was the lowest volume of audits since...

When it comes to audits by the Internal Revenue Service, some Georgia taxpayers may fear that they will be audited. Forgetting to file certain IRS forms is a common way to trigger an audit. In many cases, the IRS has the authority to audit up to six years of...

Most Georgia residents who will be filing their 2016 federal income tax returns will not be audited. In fact, the Internal Revenue Service only audits around 1 percent of the tax returns that it receives. Despite the low chances of an IRS audit, audits are still a...

Many people in Georgia may be getting ready to file their tax returns in January. Though the possibility of an IRS audit is a concern for a lot of people, the chances of actually getting audited are very slim. Because the IRS has fewer employees than it has ever had...

Every year, a number of Georgia residents and companies receive letters from the Internal Revenue Service informing them that their tax returns are being audited. Though the prospect of an audit can be stressful, many people can resolve an audit easily by providing...