Following a setback in a federal court case earlier this year, the Internal Revenue Service is releasing proposed regulations that would change the procedure it follows when pursuing inquiries into ...
Wondering the best time to file taxes to avoid audits? While there's no guarantee, these tips can help you minimize ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
The intricate balancing act between the state’s power to tax and the constitutional rights of taxpayers, particularly the right to due process, forms the backbone of fair taxation. Every tax audit ...
THE PASSAGE OF SARBANES-OXLEY LEFT MANY TAX practitioners wondering where they fit in under these new rules. The act did not list most tax services as one of the prohibited nonaudit services but said ...
Forbes contributors publish independent expert analyses and insights. Marie Sapirie writes about federal tax issues and litigation. Magnifying glass with focus on the word audit written in golden ...
The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...
It’s hard to imagine that anyone wants a do-over with the IRS after they finally finish their taxes, but you shouldn’t live in fear of an audit even if you wouldn’t look forward to one. See: Pros and ...