Personal Finance Advice and Commentary

Thursday, November 05, 2015 2:25 pm
By Kay Bell ·

The lower IRS audit rate seems like good news. However, Uncle Sam is losing money on tax cheaters.

Thursday, March 13, 2014 2:00 pm
By Kay Bell ·

IRS audits aren’t limited to individuals. Just ask the folks in charge of these bowl games.

Tuesday, February 18, 2014 3:22 pm
By Kay Bell ·

An error code has been showing up for some taxpayers when checking on the status of their refunds.

Tuesday, July 31, 2012 12:57 pm
By Kay Bell ·

Mitt Romney admitted the IRS has audited him. Do you think those questionable filings are why he doesn’t want to reveal more of his tax returns?

Wednesday, September 28, 2011 11:19 am
By David Bakke ·

While most small business owners are honest citizens doing their best to pay their fair share in taxes, there are a few who try to dupe the system. As a result, the IRS has created a formula called the Discriminate Function that looks for certain tax audit red flags in returns to catch those individuals.

Monday, May 24, 2010 2:08 pm
By Kay Bell ·

The good news, at least for the real estate sector, is that home resales were up in April. The bad news is that the IRS audited more tax returns filed by homebuyers. The reason in both cases is the first-time homebuyer credit. Because of widespread fraud in claiming the tax credit when it first appeared,