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


  • 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.

  • Biggest IRS Tax Audit Red Flags

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

  • 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.

  • 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.

  • Tax Hacks 2014: How to Avoid an Audit

    There are a few things that might raise red flags with the IRS.

  • Learn How to Avoid an IRS Tax Audit

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

  • Tips to Avoid a Tax Audit

    Nobody knows for sure how the IRS selects returns for an audit, but there are a few red flags that are all but certain to increase your odds of receiving one.

  • 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.

  • 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.

  • 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.

  • Why Does the IRS Audit People? TurboTax Tax Tips Video

    http://turbotax.intuit.com 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.

  • What Are Tax Tables? Maximize Your Refund! TurboTax Tax Tips Video

    http://turbotax.intuit.com 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.

Other Advice Videos


  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.

  • Rihanna's Creative Director Got Career Advice From a Horse

    Think of the best career advice you ever received. Who gave it to you? Your mom? Your mentor? Ahem, your favorite website? Well, Ciarra Pardo, best known as Rihanna's creative director, got her best advice ever from her horse.

  • Conrad Doucette on Giving Better Advice When Asked for Help

    In Chapter 17 of 17 in his 2013 Capture Your Flag interview, musician and digital strategist Conrad Doucette answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Doucette puts himself in the shoes of the person asking for advice. In his younger years he would have dispensed advice based on his point of view rather than the perspective of the person asking for advice. Conrad Doucette is a Brooklyn musician and the drummer for the band Takka Takka.

  • Most Advisers Aren't Afraid of "Robo" Advice

    Online investment services aren't just for young clients and low-balance accounts; "robo" advice can help any wealth advisory firm grow, says Bernie Clark, the head of Schwab Adviser Services. "Robo" advice is complementary and an opportunity, Mr. Clark says.

  • The Making of Me: Life Advice from Successful and Inspiring Women

    5 remarkable women share their stories in Glamour’s new series, “The Making of Me.” Whether you’re starting over or starting your own business, trying to balance work and motherhood, or searching to uncover your true passion in live, you’ll find inspiration and advice as these women reveal their journey to becoming who they are today.

  • Mark Graham on Essential Advice Every Intern Needs to Know

    In Chapter 14 of 15 in his 2013 Capture Your Flag interview, media executive Mark Graham answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Graham shares what he does to counsel interns on how to build career skills in an internship and get a full-time job working in media and entertainment. He shares the importance of making connections and keeping in touch with your professional network. Additionally, he shares the importance of saying yes and taking initiative.

  • 'The Daily Show’s' Samantha Bee and Jessica Williams Share Workplace Advice

    You know them from Comedy Central’s The Daily Show with Jon Stewart, and now Glamour’s Editor-in-Chief Cindi Leive sits down with the hilarious (and super-smart) Samantha Bee and Jessica Williams for a few workplace Dos and Don’ts.

  • The Best Money Advice from Your Mom

    What was the best money advice you ever got from Mom?