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  2. ‘Lost thousands of dollars of refunds:’ Why it pays to file ...

    www.aol.com/finance/lost-thousands-dollars...

    In addition to unclaimed refunds, not filing your taxes can give the Internal Revenue Service unlimited time to audit you as well as result in lost Social Security benefits and possible loan denials.

  3. How long you should keep your tax returns and why - AOL

    www.aol.com/article/finance/2020/03/17/how-long...

    “The IRS can audit your tax returns for up to three years after the tax filing deadline,” explains Logan Allec, certified public accountant and owner of personal finance blog Money Done Right ...

  4. So You Filed Your Taxes — Can You Throw Your Records Out Now?

    www.aol.com/long-keep-tax-records-ever-110009279...

    For example, if you don’t report income that you’re required to report, and it exceeds 25% of the income shown on that year’s tax return, the IRS has six years to audit your return.

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

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

    Those with incomes of less than $25,000 saw an audit rate of 1.3% in fiscal year 2021, more than triple that of the national average. ... In fiscal year 2021, IRS audits brought in nearly $41 ...

  6. “If there’s a history of mismatches, the IRS will most likely pick you for an audit,” commented Corcoran. “They can open several years of returns to audit. Audits can be expensive and take ...

  7. Tax season is underway. Here are some tips to navigate it - AOL

    www.aol.com/news/tax-season-underway-tips...

    You can file taxes late and, if you were supposed to get a refund, you might still get it. If you haven’t filed for years and you owe money to the IRS, you may be hit with penalties but the ...

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