Filing your tax return can be stressful, but nothing adds more anxiety than the possibility of an IRS audit. While most taxpayers will never face an audit, certain red flags can increase the chances of the IRS taking a closer look at your return.

Nobody wants to pay more to the IRS than they have to, but penalties and late fees can add up quickly if you’re not careful. The good news is that these additional costs are entirely avoidable with proper planning and awareness.

Receiving a letter from the IRS can be stressful, but not every notice means there’s a serious problem. In fact, many are routine and can be resolved with simple steps.

Every year, taxpayers leave money on the table simply because they overlook valuable tax deductions. These deductions can lower your taxable income, reducing the amount you owe or increasing your refund.