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 ...
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 ...
Each year on April 15, the Internal Revenue Service expects Americans to file their annual tax returns, and in doing so, Americans expect U.S. tax policy to be administered fairly across demographic ...
The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, mainly due to automated algorithms that flag discrepancies in claims for tax credits, according ...
The Punjab & Haryana High Court merged five tax-related writ petitions into one and extended deadlines, while the Himachal ...
The FBR will audit millions of income tax returns using AI and data analysis, targeting undeclared income and misstatements, ...
CBDT earlier officially extended the specified date for furnishing tax audit reports for the Previous Year 2024-25 (Assessment Year 2025-26) from September 30, 2025, to October 31, 2025. There is ...
In a major relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended key income tax deadlines. The due date ...
The Income Tax Department has announced a major relief for taxpayers by extending the deadline for filing tax audit reports for the financial year 2024–25. Initially set for September 30, the new due ...
The Income Tax Department on Wednesday, 29 October 2025, extended the ITR audit deadline for corporates and taxpayers, enabling them to file their audit report till 10 December 2025, for the ...