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

Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has to audit you.

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Punjab and Haryana High Court held that revisionary proceedings under section 263 of the Income Tax Act on the basis of audit objections raised by audit party justifiable since there was no ...

When the IRS conducts an audit, it reviews the "books, accounts and financial records" of an individual or organization in ...

From the holiday season to tax season … it’s time to dust off those financial records and report to Uncle Sam. Make a mistake ...

Some dread doing taxes and wait until the last minute. But millions of others file early to get their tax refunds. What to ...

A notification that the tax authorities are auditing you can be a stressful and overwhelming experience. However, it's important to remember that a tax audit doesn't automatically imply that you're in ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

DCIT, the Bombay High Court examined the legality of reopening assessments under Section 148 of the Income Tax Act. Bennett ...