Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held ...

The Internal Revenue Service (IRS) has commenced its annual tax season activities, diligently processing returns and issuing ...

An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...

You did it, you filed your taxes! It feels great, but what happens if you check the mail and receive an unexpected tax document later?

I don’t know of anybody who likes getting any letters from the IRS, especially one that is either a focused audit inquiry or the beginning of a real audit. How do you reduce the risk of getting any of ...

The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming marathon of paperwork for taxpayers. The looming threat of an ...

Filing your taxes wrong can lead to an IRS audit, penalties, and other complications. A tax attorney shared 4 of the most common IRS audit triggers he's seen. Keeping extensive records can go a ...