Your chances of getting audited are slim, but the investigations do happen. According to Jeremy Kisner, president of Surevest Wealth Management, there is an overall 1% chance of getting audited.

The Internal Revenue Service will conduct an audit, which is a review of tax information, to ensure that everything is being reported properly on federal income taxes. Both individuals and businesses ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

Audits provide small businesses with third-party opinions on business or financial operations. A common type of audit in business is the financial audit. Business owners use public accounting firms or ...

According to Dave DuVal, VP of customer advocacy at TaxAudit.com, the first thing to do when you get a letter from the IRS is to open it immediately, but don't panic. "You can be audited for any ...