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  2. Income tax audit - Wikipedia

    en.wikipedia.org/wiki/Income_tax_audit

    In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws. [1 ...

  3. IRS Audits: 6 Things You Need To Know - AOL

    www.aol.com/finance/irs-audits-6-things-know...

    In fact, from 2010 to 2019, the audit rate for individual income tax returns dropped to a minuscule 0.25%. That popped up slightly to 0.41% for fiscal year 2021 -- i.e., for every 100,000 tax ...

  4. What Are Your Chances of Being Audited by the IRS? - AOL

    www.aol.com/finance/chances-being-audited-irs...

    An IRS audit is a review of an individual, partnership or organization's tax return and financial information to verify that reported information is correct. Tax return audits are serious events ...

  5. How To Handle a Tax Audit — And When To Hire Help - AOL

    www.aol.com/10-top-tips-dealing-tax-110058757.html

    Although the IRS generally has the final word when it comes to your taxes, you do have the right to appeal the results of an IRS audit. However, time is of the essence.

  6. These tax moves are most likely to trigger an audit - AOL

    www.aol.com/article/finance/2020/02/28/these-tax...

    In addition, self-employed individuals often don't realize that credit and debit card companies report the total dollar amount of all transactions to the IRS via a form 1099-K, Reams adds.

  7. Tax audits hit a 20-year low — a boon for wealthy Americans

    www.aol.com/finance/tax-audits-hit-20-low...

    The IRS completed just 509,917 tax audits in 2020, or less than a third of the 1,735,083 audits it performed in 2010, according to data by the agency. That’s also the smallest amount dating back ...

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