MoneyWise


Avoid An IRS Audit

April 15, 2019

It’s the last day to file your income taxes unless you get an extension. And if you waited this long to file, you probably aren’t getting a refund. In fact, the last thing you want in the weeks ahead is to hear from the IRS. Because we all know that a letter from the IRS after April 15th could mean that you’re getting audited. On this MoneyWise, Rob West and Steve Moore have ways to prepare for an audit and tips on how to avoid one next year. 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you've found a perfect job but there might be an opportunity for higher wages elsewhere, is it best to stay with the job that fits, or pursue the higher wage?
  • If your company is moving your 401(k) options out of mutual funds and into target-date investments, should you stay with the target-date investments? 
  • What do you do if you're trying to fix your credit score and seem to make no progress?
  • If you have $80,000 of debt and have an opportunity to use your home equity to pay all of that debt off by refinancing, should you do it? 

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