There are various reasons why the IRS may audit you, including checking income discrepancies and deduction claims. Or you’re simply one of the unlucky ones that the IRS chooses for an audit randomly. Whatever the reason you’re being audited, it’s understandable to feel nervous about...

Married couples have the option to either file their federal tax returns separately or jointly. Some couples choose the Married Filing Separately option despite limiting their use of potentially valuable tax breaks such as the Earned Income credit, deduction of net capital losses, tax-free exclusion...

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