What is an audit?
The Bankrate.com financial term of the day is: "audit."
"Audit" is one of the most dreaded words in personal finance. It's the process in which the Internal Revenue Service trains its beady eyes on your tax return or other related transactions. The additional scrutiny can range from a simple letter asking for more information to a detailed going-over of your tax filings and records.
With an audit, the IRS decides, for whatever reason, that your taxes require closer inspection.
For answers to all of your tax questions, visit Taxes section at Bankrate.com.
How the charity uses the vehicle you donate affects your deduction.
Some early IRA withdrawals are OK with the IRS.
The IRS offers a number of ways to track down your tax refund.
Why did your taxes get audited? Ask your tax peers.
Avoiding these errors will save you time and money.
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Mortgage rates jumped for a second straight week.
CD yields continued their erosion this week.
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