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.

A tax audit is an examination of an individual or business tax return by the IRS to ensure the taxpayer has accurately reported income and paid the correct amount of taxes. Tax audits can be triggered ...

The Internal Revenue Service will conduct an audit, which is a review of tax information, to ensure that everything is being reported properly on federal income taxes. Both individuals and businesses ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...