Tax Audits

Retired Georgia residents have to file their federal income tax returns just like people that are still in the workforce. The Internal Revenue Service wants to know about income from retirement account distributions, investments, rental properties and even gambling...

Georgia residents have less risk of being audited by the Internal Revenue Service than they have had in decades. That's because the IRS began auditing fewer returns after the IRS Restructuring and Reform Act of 1998 forced the agency to pay greater attention to...

Few pieces of mail elicit more anxiety among Georgia residents than an audit notice from the Internal Revenue Service. Financial experts often provide advice about how to best avoid an audit, but data provided by the oft-maligned agency indicates that using...

According to reports, companies in Georgia and elsewhere could be audited by the Internal Revenue Service in the years ahead. Because of the lack of government funding, the agency has been restructuring itself and strategizing new ways to return to tough audits....

Some Georgia residents may be concerned about the possibility of receiving an audit letter from the IRS. However, very few people are audited, and even a notice of an audit is not necessarily something to worry about. The most important thing to do is open the letter...

Georgia taxpayers may be at increasing risk of an IRS audit in the years ahead. At present, the IRS audits fewer than 1 percent of taxpayers, but audits may go up based on hiring news from the agency. Despite a claim that budget cuts would leave it unable to make new...

The tax deadline has come and gone. Most of us have filed our taxes and crossed the daunting task off of our to-do list. But for some, the worry about being audited by Uncle Sam looms over our head. Some argue that such worry is futile. Here's why. First, there are...

Georgia residents who have already filed or who will be filing their tax returns may wonder whether they are likely to get audited. The odds are not high. In 2015, the IRS audited less than 1 percent of tax payers, and the number is unlikely to increase in 2016....

Georgia residents may be happy to know that they do not live in one of the top 10 states for federal tax audits. According to a study by TaxAudit.com, taxpayers who live in Vermont are more likely to be audited by the Internal Revenue Service than people in other...

Georgia residents who have received an audit letter from the Internal Revenue Service may be wondering what it means. While the letter may not indicate a person is guilty of tax fraud, it also should not be ignored. In most cases, an audit letter from the IRS means...