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 ...
WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Senate has officially ...
For decades, the tax process has centered around compliance. And for good reason — it's an important and highly scrutinized output of the tax function. But if compliance is the endgame, what about all ...
Defending yourself during an Internal Revenue Service audit can be a time-consuming, stressful affair — but audits aren’t too common. In fact, just 0.25% of all returns are typically audited by the ...
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BIR almost done with proposed reforms in tax audit process
The Bureau of Internal Revenue (BIR) has nearly completed its evaluation of controversial letters of authority (LOAs) that ...
If you're like most Americans, one of your worst fears is having yourtax return auditedby the IRS. In 2014, the IRS audited nearly1.4 million tax returns, and almost 1.7 million notices were sent to ...
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