While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims ...

There are generally three types of audits: external, internal, and tax-related. An external audit is carried out by independent certified public accountants. Their role is to assess the company's ...

has firmly stated that tax audits should remain solely under its purview, rejecting demands from Company Secretaries (CS) and Cost Accountants (CMA) for inclusion in the definition of ...

"You're really playing the audit lottery and increasing your risk," he said. The IRS often finds missing income via so-called "information returns," or tax forms, which employers and financial ...