News & Advice

Who Gets Audited By IRS The Most?

Certain groups of taxpayers may be more likely to be audited by the IRS due to various factors. Here are some categories of taxpayers who may face a higher likelihood of being…

What Triggers A IRS Audit?

The IRS (Internal Revenue Service) may choose to audit a taxpayer's return for various reasons, and there is no definitive list of triggers as the selection process is somewhat opaque. However, there…

How Much Taxes Is Taken Out Of $1,000,000?

To determine how much tax is taken out of $1,000,000, we need to consider both federal income tax and, if applicable, state income tax. For federal income tax, the calculation would depend…