There's no surefire way to avoid the nightmare millions of taxpayers fear: an IRS audit. But there are a lot of ways to reduce the risk.
Businesses small enough that their income is reported on owners' returns account for the greatest amount of underpaid taxes. Only 1% of those are audited.
12% of taxpayers making $1 million or more were audited last year, up from 6% in 2009. Among those making less than $200,000, the audit rate stayed near 1%.
Never ignore a letter from the IRS. Sometimes you can solve the problem by sending more information, and sometimes you need a professional.
No one wants to be audited, but following some simple guidelines can make the process less painful -- and maybe less expensive.
Agency changes course, looking more closely at returns of taxpayers making more than $500,000. Questions include details of magazine subsriptions.
Obama wants to increase the IRS budget and bring in more revenue, but GOP wants to cut the agency's budget.
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As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
As fears rise over costs and higher tuition, some law schools advertise their own plans to cover loan replacements.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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