For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's ...

A tax audit is when the IRS calls to review a person or corporation's tax filings. Audits generally happen on the last three years of tax returns but can go back as far as six years. Many factors ...

Audit engagement risk is something all auditors think about and incorporate into their decisions, but recent research suggests that they might not be thinking about it as broadly as they should.

Tracking what they do each day can help principals figure out where to make changes that align their time with their goals.

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these ...