According to this Kiplinger's tax tip video, only 1 in 150 personal tax returns get audited. Realistically speaking, your odds of getting audited are probably even lower than that. In fact, it's virtually zero.
Even though I have a couple of extra days to file my tax returns this year, I won't be able to come up with enough to pay the IRS what I owe.
The age old question about paying now or later came to a head for me this year, when I chose the " [more]
Here's hoping that I get this right - according to the IRS and NPR, new provisions are going into effect next year that will change the requirements for receiving a deduction on your taxes for charitable donations. [more]