Audits from the IRS are a nervewracking prospect for many Americans, but being informed about what they actually entail might help ease your mind.

Generally, the IRS can audit returns filed in the last three years, but if it identifies a substantial error, it may look back further ... experts say. But many say it can be worth the cost ...

The IRS can only conduct tax audits on fairly recent tax returns. Generally, audits only happen for the last three tax years. However, audits can go back as far as six years in special circumstances.

high earners earlier this year. As Kiplinger reported, the IRS foretold increases in audits, levied penalties, and encouraged taxpayers to file their back taxes before the agency filed for them.

The Internal Revenue Service is getting specific about how many more audits it ... $80 billion for the IRS over a decade, ...

IRS audits raise anxiety for ... benefit workers with lower incomes, can lower tax liability for eligible households or result in a cash-back refund. Last year, the average earned income tax ...

Many returns filed right at the deadline are filed in haste, some carelessly. That will probably be true this year, perhaps even more so than usual, and that can bring on an audit. Extensions can ...

The IRS has many enforcement priorities, in part due to the funding windfall that was promised in 2022. The Inflation ...

The 'word' AUDIT is stamped on the form 1040. Tax advisers use the term 'disclosure' frequently, and it can sometimes have a negative connotation. Many ... IRS from extending the usual three-year ...