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

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

The IRS will begin accepting returns between January 15 and the 31st. And even though tax changes could be coming as ...

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

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

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 ...

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...