It's the envelope no taxpayer wants to open: an IRS audit notice. What should you do if one arrives? Curl into the fetal position? Run? Freak out? "Don't panic," advises Bob Meighan, vice president of ...

As the sun rose April 18, millions of Americans woke with a sense of relief. Tax day had come and gone, the tax forms having been duly deposited in the mailbox the day (or night) before. For those who ...

The word "audit" can cause immediate worry. When a letter comes from the Internal Revenue Service (IRS), the fear and uncertainty can be overwhelming. However, an audit just means that the IRS wants ...

You can sigh a breath of relief. It's not as easy to get audited as you think. — -- The chances of receiving an audit notice from the Internal Revenue Service are lower than most people think.

Your chances of getting audited are slim, but the investigations do happen. According to Jeremy Kisner, president of Surevest Wealth Management, there is an overall 1% chance of getting audited.