This Type Of 'Loss' Could Increase Your Risk Of An IRS Audit
Some tax write-offs slip under the radar, but others can attract unwanted attention. One category in particular draws more attention than you might expect.
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The IRS Is More Likely To Consider You For An Audit If You Deal In This Transaction Type
IRS audits don’t happen at random. Certain transactions draw more scrutiny than others, and one type in particular consistently raises red flags.
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The IRS Is More Likely To Consider You For Audit If You Make These 12 Mistakes
The IRS understands that filing your taxes is like pulling teeth -- but that doesn't excuse sloppy filing or intentional misrepresentation.
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Seniors Shouldn't Ignore This Property Tax Exemption
Seniors can cut property taxes with exemptions, credits, and layered deductions. Timing, residency, and state rules all affect how much you can save.
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A European Country With A Low Cost Of Living Is Considered One Of The Best For English Speakers
With a growing expat community, sunny climates, and easy settlement for Americans, it's an ideal and affordable destination for retirement and adventure.
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This 'Fatal' Interview Answer Is An Instant Job Disqualifier
Job interviews are littered with landmines, and one of them comes in the form of this casual question that feels like it's giving you an easy chance to shine.
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The IRS Is More Likely To Consider You For Audit If You Have These Business Expenses
There are some red flags the IRS watches for when it comes to business expenses, and if you want to avoid an audit, you should know what to look for, too.
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This Type Of Property Is One Of The Worst Assets To Inherit
People often think of inheritances as gifts or windfalls, but some come with price tags of their own, including this type of allegedly low-stress property.
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Your IRS Audit Risk Goes Up If You Have This Trade Habit
Few things inspire fear the way an IRS audit does. With that in mind, certain kinds of traders should keep a particularly watchful eye on their taxes.
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Your IRS Audit Risk Increases If You Make This 401k Mistake
While most would consider a 401(k) a standard part of retirement planning, there are instances when accessing these accounts can flag the IRS on your taxes.
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The Deduction That Could Increase Your Risk Of An IRS Audit
Claiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
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The World's Wealthiest People Have These Tax Breaks In Common
Wealthy individuals and households enjoy a slew of tax advantages and workarounds that those less fortunate can't take advantage off.
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The IRS Is More Likely To Consider You For Audit If You Make This Expense Mistake
Most taxpayers aim to avoid an IRS audit at all costs, but certain seemingly normal claims could end up triggering an audit despite your best intentions.
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11 Red Flags That Could Increase Your Risk Of An IRS Audit
There are many factors that can increase you're likelihood of an IRS audit, particularly if you run a business or claim certain exemptions.
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Will The IRS Call You? Don't Fall For These Scams
Knowing when, and how, exactly, the IRS might contact you in the event of an issue can be the key to keeping your information safe from would-be scammers.
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The IRS Is 4 Times More Likely To Consider You For An Audit If You Make This Much Money
Taxes can be an arduous process, especially if you're concerned about audits. For those in certain income brackets, this concern is especially warranted.
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New Social Security Anti-Fraud Policy Will Start Affecting Retirees In August
Social Security recipients may be required to go to the nearest Social Security office to make changes to their account, according to a proposed rule.
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The IRS May Be Eyeing You For An Audit If You Have This Type Of Vehicle
If you bring a work vehicle home at night, it's important to the IRS to make sure personal miles are logged separately from business miles.
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Personal Items The IRS Can Take If You Don't Pay Your Taxes
The IRS can levy some personal belongings in the event that you have unpaid taxes, but it will always provide ample notice and time to settle up.
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Retirees Who Will Be Eligible For The Big Beautiful Bill's 'Senior Deduction'
While there is a lot to understand about Trump's One Big Beautiful Bill Act, some seniors could be in for a tax break thanks to the bill's senior deduction.
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The One Thing Social Security Got Wrong About The 'Big Beautiful Bill'
Following the passage of Donald Trump's One Big Beautiful Bill, there is ample confusion surrounding taxes on Social Security benefits.
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The Social Security Salary Cap Is Increasing In 2025. Here's How Much.
For higher wage earners, the 2025 Social Security salary cap increase could mean having more income counted towards your eventual retirement benefits.
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Homeowners Pay 2.06% Above Market Value To Live In This American City
Residents of this Illionois city pay more in property tax than most residents around the country for a variety of factors, but it's not all bad news.
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You've Been Warned: Throwing These 5 Financial Documents Away Could Cost You
There are some important financial documents that you should hold onto forever, not just in case of IRS audit but for insurance or other reasons.
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Retirement Accounts The IRS Can Garnish If You Don't Pay Your Taxes
The Internal Revenue Service has broad authority to garnish, levy, or lien your financial and personal assets if you owe back taxes.
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Seniors Should Ask For This Tax Form To Make Filing Taxes Way Easier
If you prefer using a pen and paper to file your taxes every year, you might want to consider using a special tax form that is catered to seniors.
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The IRS Will Flag You If You If You Break This Bank Account Rule
While there can be a lot to know about IRS requirements, foreign accounts and assets can present their own unique rules you'll want to make sure to follow.
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