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 FBR will audit millions of income tax returns using AI and data analysis, targeting undeclared income and misstatements, ...

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 ...

In a major relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended key income tax deadlines. The due date ...

Under the Income Tax Act, such taxpayers, including companies, partnership firms, and proprietorships whose accounts are subject to audit, were earlier required to file their returns by October 31.

The National Tax Service has launched a tax audit targeting Taekwang Industrial, a textile and petrochemical company. According to industry sources on the 13th, the Seoul Regional Office’s ...