When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...
While the headlines focused on tax cuts and political wins, what catches my attention is something else: a continued shift in how Americans are expected to save and how employers will be involved in ...
If you're like most Americans, one of your worst fears is having your tax return audited by the IRS. In 2014, the IRS audited nearly 1.4 million tax returns, and almost 1.7 million notices were sent ...
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With the tax audit deadline around the corner, businesses and professionals must ensure their reports for the financial year 2024-25 (Assessment Year 2025-26) are submitted on time. Taxpayers required ...
The Income Tax Department has extended the deadline for filing tax audit reports for the financial year 2024-25. Taxpayers and auditors now have until October 31, 2025, to file these reports.
The auditing apparatus at the Internal Revenue Service (IRS) is shrinking — and fast. The Trump administration envisions a 50 percent workforce reduction at the IRS. Already, the number of workers at ...