File your income tax return if you are liable to submit a tax audit report. The deadline for ITR filing is November 15, 2024 ...

Heidelberg, Daraz, and P&G are the first to be audited by the revenue authority, with more companies set to face audits soon ...

In Grigsby v. United States,[1] the Justice Department used discovery procedures in federal district court essentially to ...

Computer keyboard, ... [+] calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Giving the IRS more time to audit you sounds counterintuitive or ...

An IRS audit is a review of your tax forms and financial documents to ensure that you filed your tax return correctly and followed applicable tax laws. "The purpose of the audit is to determine ...

You may picture a tax audit like a scene in the movies: IRS agents in dark suits show up at your door and sift through boxes of papers. Instead, most tax audits are much less dramatic. They ...

Some audits are no big deal; some can be onerous. Once you identify the type of tax audit that’s being conducted, you'll know—or at least have a better sense of—what’s involved.

The IRS has announced a new audit campaign targeted at the use of private aircraft, a/k/a “corporate jets”. This has been an ...

However, controversy and concern surround the IRS' use of AI in identifying returns for tax audits. This is largely because the algorithms underlying artificial intelligence, used to identify tax ...

Budget battles in the new administration will lean towards further cuts to the IRS budget. Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ...

F&O trading comes with complex tax implications that need to be properly understood to ensure tax compliance and optimise ...

There are numerous defenses and options available to taxpayers involved in an employment tax audit. These are discussed more fully below. However, a word of caution is necessary. Taxpayers who ...