The Central Board of Direct Taxes (CBDT) has extended the due date for submitting the income tax audit report from September 30 to October 7 for the Assessment Year 2024-25. A penalty of 0.5 per ...

Instead, under current law, the IRS generally has three long years to audit their tax returns ... and more than 90 percent of income tax returns are electronically filed. Those that are paper ...

These are the most common mistakes that can lead to an IRS audit, according to a tax lawyer. Here's how to avoid them.

Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are some delaying filing?