Taxes 101

In movies, tax audits are always scary. Big, burly, intimidating men in dark suits and glasses. Over-sized clipboards. The sound of pens furiously scratching paper. Handcuffs. You know the deal. But are tax audit visits really that frightening in real life? Not so. In fact, only 1% of all taxpayers even experience an audit. Of those, about 20% ever result in a face-to-face encounter with the IRS. Most inquires, fortunately, are resolved through correspondence. Take a look below at our guide to tax audits.

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Tax complaints are never higher than during the month of April. But while there are many valid reasons to dislike owing Uncle Sam cash, it truly could be worse. There are options if you owe on your Federal taxes.

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