Taxes: Your Odds for an Audit

If you've already filed your taxes this year, and are now relaxing for another year, don't get too comfortable just yet. Seems the IRS is now auditing more taxes than ever, and the number is only expected to get larger in the future.

Being rich has some fairly obvious advantages. But there are also drawbacks. For example, this time of year when a big income may mean bigger odds of an audit.

Money Editor Stacy Johnson takes a look at your odds of an audit in this short video. (Clip runs 1:16)

Do you worry about an audit on your taxes? Do you use an accountant thinking that might save you from getting that dreaded audit letter? We'd love to hear your opinion on this. Use the comment link below to tell us what you think.

Taxes: Adjusting Your Withholding

Tax refunds don't always mean good news… Sometimes, no news is good news.  Stacy Johnson explains…

(video runs 1:20)

Tax Changes in 2008

New changes to the tax law will lower your taxes in 2007, but raise them in 2008.  Learn about those changes in this short video (runs 1:21) 

If you have questions or comments, contact us using the "comment" link below.  Your privacy is protected.  We NEVER publish anyone's email address on this site.  So go ahead… leave a thought or two.

Taxes: Changing Mistakes

Taxes can be complicated, which means it's easy to make mistakes…mistakes that could have gotten you a bigger refund…or could get you in hot water with the IRS.

But just because a mistake is made doesn't mean it can't get corrected. Here's money reporter Stacy Johnson with some quick advice on fixing problems now before they become bigger problems later.  (Video runs 1:14)

If you think you made a mistake on a previous year's tax return, get some advice or assistance, or do as Stacy mentioned in this video… fix it. 

Taxes: Paying With Plastic

Are you filing your taxes electronically this year? If so, and you happen to owe the IRS money… chances are you'll be among the those who'll pay with their credit cards.

Money reporter Stacy Johnson has some advice on a less taxing option. (Runs 1:37)

Are you going to owe taxes this year?  Getting a refund?  We'd love to hear from you.  Use the "comment" link below.