ITAT Bangalore held that penalty under section 271B of the Income Tax Act for delay in uploading audit report set aside as ...

The Baltimore Children and Youth Fund paid $55,000 for its 30-member racial equity committee to attend the 2024 Facing Race ...

Tax audits, which affect less than 0.4% of returns, are triggered by discrepancies flagged via an IRS statistical formula. Common triggers include incomplete returns, math errors, inaccurate ...

"Self-employed taxpayers should prioritize compliance over inflated refunds," said the Head of Client Solutions at Clear Start Tax. "If you're unsure whether you qualify for a tax credit, it's best to ...

3. Completion of transaction or referral for further verification: If no suspicious elements are found, the conversion of ...

According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly according to ...

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...

Did you know the appeal of an IRS audit is based upon the IRS examination file record of the audit itself? When the IRS ...

As lawmakers look to pass a transportation package in 2025, our investigation finds Oregon failed to follow accountability ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...