Tax Audit

If you've made a mistake on your tax return, the IRS is now going to give you a little time to stew about it before hitting you with any explanation. A new warning letter will tell you to check your return and file an amended return, but won't offer any details or give an amount due. What should you do with such a letter? Tax expert Tracy Coenen walks you through it.

CPAs file millions of tax returns for clients every year, and have garnered quite a few tales of oddball deductions clients attempt to take. From a marijuana crop to breast implants, see which write-offs were the weirdest, some of which are actually legal.
Also See: AOL Tax Center | Online Tax Filing

Every year, people try to come up with new ways to cheat on their taxes, and every year the IRS comes up with its list of the most-popular current schemes. See the dirty dozen dodges your fellow citizens have been trying to employ this year to once again scam Uncle Sam.

Most people lose far more than they win while gambling, but what if you "get lucky" and win a chunk of money? Do you have to report it? What if you've lost far more than you've won? Then do you have to report it?

These are some of the top excuses tax protesters say you can use to legally avoid paying income taxes. The only problem is that they're completely wrong.

With audits on the rise, even honest, everyday taxpayers are finding themselves under the government's microscope. If you want to avoid this unpleasant experience, stay away from these Top 5 red flags that can draw the attention of the IRS.

Read the answers to the most frequently asked questions to the Internal Revenue Service (IRS) and find a local Tax Expert!