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FAQ: What you need to know about a possible 2021 government shutdown

By Jack Moore

Thursday marks the end of the federal government’s fiscal year and with it comes the threat of a government shutdown.

A stopgap government funding bill needs to pass both houses of Congress and be signed by President Joe Biden by 11:59 p.m. Thursday to avert a shutdown. Here’s a rundown of what could happen during a government shutdown.

9 red flags that could trigger a tax audit

By U.S. News & World Report
What is an IRS audit? The IRS may choose to review a taxpayer's accounts and financial information to ensure all tax laws are being followed. Even though the IRS only audited 0.3% of individual income tax returns in 2020, many taxpayers live in fear of a letter from the IRS questioning items on their return. "Taxpayers worried about the possibility of facing an IRS audit may hesitate to claim all the tax breaks they are entitled to claim," says Kathy Pickering, chief tax officer at H&R Block. "When they do this, they are leaving their money on the table."
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