Archive | Taxes/AvoidAnAudit/

3 tax mistakes made every day

You probably don’t mean to violate the law or invite hassles with the IRS, but ignoring simple, common-sense guidelines could get you into trouble.

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3 tax mistakes made every day

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6 ways to avoid an audit

It may not be due to something you did wrong. It may even be triggered by an IRS error. But there are ways to reduce the chances of getting that dreaded letter.

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6 ways to avoid an audit

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3 ways to fight the IRS in court

Yes, you can sue the IRS. But the process can be as complicated as the U.S. Tax Code. This quick guide can help you find your way around the court system and choose the best forum for winning your case.

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3 ways to fight the IRS in court

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Win in court without losing to the IRS

Of course the tax man wants a cut whenever you make a buck — even if you win it in court. But not all legal proceeds are taxable, so how you structure a settlement can save both sides a lot of money.

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Win in court without losing to the IRS

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Own a business? Beware the tax man

In the next year, the IRS plans to look closely at small-business owners, the self-employed and those with overseas accounts. Here’s how to be ready if an auditor comes knocking.

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Own a business? Beware the tax man

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5 tax myths that can cost you money

We all think we know the parts of the tax code that affect us. But do we really? If you believe some of these myths, you could pay more tax than you should.

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5 tax myths that can cost you money

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Tax deductions that shout ‘Audit me!’

It’s one thing to push the envelope, another to volunteer for the IRS audit list. Here are some of the most imaginative — and most illegal — deductions I’ve seen.

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Tax deductions that shout ‘Audit me!’

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The hazards of hiding money overseas

For most of us, offshore tax shelters offer a good way to get ripped off and get in trouble with the IRS. If you seek them out, beware.

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The hazards of hiding money overseas

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6 ways to keep the IRS at bay

The IRS has decided to focus its limited resources on the tax returns of those who earn more than $100,000. Are you vulnerable? Here are smart ways to minimize your exposure.

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6 ways to keep the IRS at bay

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