Tag: interest
Filing your taxes can be an annoyance, but it can become even more of a nuisance if you get audited by the IRS.
Find Out: This Is Where Your Tax Dollars Actually Go
Fortunately, your chances of being audited are small — only 0.6% of the individual tax returns filed for tax years 2010 through 2018 were audited, according to the latest IRS data. However, that small fraction still amounts to over a quarter million tax filers getting audited, so it can happen if you’re not careful.
Last updated: Jan. 13, 2021
Large Charitable Donations
“The IRS often identifies red flags through automated computer programs,” said Nate Smith, director in the CBIZ MHM National Tax Office. “Almost all returns submitted to the IRS are analyzed by a
