Practical guide to tax audit under Section 44AB for trader assessees, covering groundwork, data analysis, compliance checks, and final ...

A tax audit is an examination of an individual or business tax return by the IRS to ensure the taxpayer has accurately reported income and paid the correct amount of taxes. Tax audits can be triggered ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Nobody likes an audit, right? Of course not. So why aren’t taxpayers doing everything ...

The Income Tax Department has reminded taxpayers that the deadline for filing the Tax Audit Report (TAR) is September 30, ...

Although your chances of being audited are low — the IRS only audits about 0.5% of the tax returns filed each year — that still amounts to over 1 million Americans who get that unwanted notice from ...

Every year, employers and financial companies report income and other activity on so-called information returns, such as W-2s and 1099s, with a copy going to taxpayers and the IRS. The agency has ...

The Biden administration has trumpeted its plans to crack down on rich tax evaders, funneling $46 billion to the IRS so it can ferret out money hidden by the ultra-wealthy. For now, though, the ...

“Form 10-IEA must be submitted on or before the due date for filing ITR. If it is missed, the tax department will ...