Tax Expert Reveals Tips to Avoid an IRS Audit and Maximize Your Savings

Meisa Bonelli of Millennial Tax, the leading provider of strategic business planning and tax preparation to home-based businesses, start-ups and solopreneurs, reveals her best tips for navigating tax season, how to deal with IRS debt and audit and tax money management strategies. Being proactive, organized and following some simple steps can make taxes less daunting and lead your business on the path to growth. TheStreet's Jill Malandrino reports from the Nasdaq MarketSite.

Related Videos

  • Biggest IRS Tax Audit Red Flags

    Kiplinger's Sandra Block offers tip on how to avoid drawing the attention of tax auditors.

  • Ways to Avoid an IRS Audit

    As tax season gets underway, the looming threat of an audit is always near. Are there ways to avoid an audit? Jonnelle Marte joins MoneyBeat. Photo: Getty Images.

  • Last-Minute Tax Tips to Avoid Costly Mistakes and Keep the IRS Away

    With the IRS filing deadline just a heartbeat away, many Americans will be in a rush and make mistakes on their income tax returns. MainStreet provides a few tips to help you avoid the most common filing errors especially if you are doing it yourself. First, don't leave anything blank on your return, especially those check boxes. Always check the printer: it's not uncommon for tax payers to leave behind a worksheet or schedule. Lastly, enter your social security number correctly.

  • What Are Your Chances of Being Audited by the IRS?

    When it comes to taxes, your chances of being audited by the IRS vary wildly depending upon your income. How do you avoid red flags that could increase your chances of getting an audit notice in the mail? WSJ's Jason Bellini has #TheShortAnswer.

  • Tips to Avoid a Tax Audit from IRS

    Are you looking to reduce the odds of being singled out for a tax audit this year? The List's Donna Ruko has 3 reasons the IRS could come knocking. Learn how to deduct those RED FLAGS from your return this tax season... now on The List!

  • Learn How to Avoid an IRS Tax Audit

    Learn how to avoid an IRS audit by not waving these red flags.

  • E&Y Tips for Maximizing Your Tax Return and Preventing Penalties

    Taxpayers seeking to capitalize on their income tax returns should consider opening or adding to an existing retirement account or use their refund to pay down high interest credit card balances, says Greg Rosica, Tax Partner at Ernst & Young.

  • Apps to Help You Avoid an IRS Audit

    WSJ Contributor Laura Moser has three apps to digitize the pile of paper receipts you need this tax season.

  • Airbnb Tax Tips: How to Know What You Owe the IRS

    If you rent your place using Airbnb and other services, the IRS will know about it. Do you need to pay tax on these earnings? If so, how can you lower the bill? WSJ's Jason Bellini has #TheShortAnswer.

  • What Are Tax Tables? Maximize Your Refund! TurboTax Tax Tips Video Discover this year’s federal tax tables and how choosing your best tax filing status may earn you a bigger tax refund. Watch now to learn more about IRS tax tables for the coming tax season.

  • Why Does the IRS Audit People? TurboTax Tax Tips Video The IRS audit process is not as scary as it may seem. Watch this video to learn more about IRS tax audits and find out how TurboTax’s Audit Defense can help.

  • How to Avoid a Tax Audit

    The Treasury Department's aggressive crackdown on offshore tax dodging announced Wednesday is sure to heighten many people's fears of drawing IRS ire, say tax experts. Quentin Fottrell has details on The News Hub. Photo: Reuters.

Other Advice Videos