The more you make, the more likely you are to be audited by the IRS
March 22, 2019 10:00 a.m. ET
The Internal Revenue Service audits tax returns every year—striking fear in the hearts of many whose accidental or deliberate errors may have led them to underpay the U.S. Treasury While the prospect can be terrifying, very few returns are actually audited and many audits are resolved through correspondence. The volume of IRS audits has declined in recent years to 933,785 in 2017 from 1.56 million in 2011, according to IRS data. Some audits even result in a refund. Many, of course, result in tax liabilities.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Here's when the IRS says you can expect to get your tax refundThe IRS 'will be doing everything it can' to have a smooth filing season, says Commissioner Chuck Rettig.
Baca lebih lajut »
Tax refund fraud: IRS crackdown ensnares legitimate taxpayersWhile the IRS efforts to reduce tax refund fraud have been successful, legitimate taxpayers have been caught up in the process, delaying refunds.
Baca lebih lajut »
Here are some quirky tax deductions you may not know aboutIf you are looking for a way to pay less to the IRS, think outside the box when it comes to deductions.
Baca lebih lajut »
Tax Time: IRS Rules Can Lead To Overpaying Taxes On Stock Sales (And How To Prevent This)One of the trickiest areas in reporting stock sales on your tax return involves the cost basis. This is the number you subtract from your proceeds to determine the size of your capital gain or loss. If the reported cost basis is too low, then you will overpay taxes. Learn how to avoid this mistake.
Baca lebih lajut »
Powerball's jackpot surges to $550 million. Here's what the winner would pay in taxesRight off the bat, the IRS would shave tens of millions of dollars off the windfall, and more would be due at tax time.
Baca lebih lajut »
This just might be the worst tax-filing status to claimIf you're in the middle of a break-up and you don't trust your spouse, it might make sense to consider filing separate income tax returns with the IRS. Just make sure you aren't losing a slate of credits in the process.
Baca lebih lajut »
Drones Are Doing More In U.S. Than You May Know, As These 3 Companies ShowDrones aren't delivering pizza yet, but they're here in the U.S. in large numbers and making an impact in ways that most of the public doesn’t see. PrecisionHawk, DroneDeploy and SkySkopes are emblematic of the state of the growing commercial drone industry and provide insight into its future.
Baca lebih lajut »