With Kevin McCormally, Editorial Director of The Kiplinger Washington Editors
Kevin McCormally oversees The Kiplinger Letter, the most widely-read business forecasting periodical in the world, and the 600,000 circulation Kiplinger’s Personal Finance magazine. He also oversees the Kiplinger Tax Letter, Kiplinger Agriculture Letter, Kiplinger’s Retirement Report, Kiplinger’s Investing for Income and Kiplinger’s award-winning Web site, www.kiplinger.com.
McCormally served as the long-time “tax guru” contributor to Nightly Business Report to discuss federal income taxes, retirement planning and other personal finance issues. He has twice been honored with National Press Club awards for Best Consumer Journalism.
Kevin talks about the kinds of things that trigger IRS audits, the penalties you may or may not face, why you should not tremble if you get an audit letter from the IRS, and how you should respond if you do get contacted on your taxes.