Red Flags

Insider Tips: The Most Common Reasons Tax Returns Get Audited

For its Insider Tips From the Pros package, Kiplinger’s spoke with dozens of experts in fields ranging from college aid to travel to glean insights they [...]

IRS Audit Red Flags: The Dirty Dozen

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all [...]

5 Slam Dunk IRS Audit Red Flags

Because in any given year the IRS is able to select for audit only a small percentage of tax returns, it employs a sophisticated system for choosing which [...]

59 Tips for the Self-Employed

Getting Started 1. Don’t operate as a sole proprietorship 2. Hire a professional bookkeeper 3. Outsource your payroll 4. Buy an accounting [...]

Freelance? An IRS audit may be in your future

(Reuters) - This past New Year's Eve, any impulse I had to ring in 2012 on a high note was drowned out by alarm bells from Uncle Sam. On that day, my wife and [...]

11 tax audit red flags

Sometimes your tax preparer is to blame for an audit. If a preparer promises unusually high refunds without asking to see proper documentation for [...]