JD Supra

Client Alert: Tax Preparer Audits and Investigations: How to Best Prepare and Respond to an Inquiry

The Internal Revenue Service (“IRS” or the “Service”) aggregates, reviews, and analyzes taxpayer data and determines whether ...
Washington Times

Biden’s tax threshold adds marriage penalty; couples at higher risk for federal audits

President Biden introduced a “potential marriage penalty” into the tax system when he ordered the IRS to conduct more audits of higher-income Americans, the agency’s inspector general said. In ...
USA Today

Clear Start Tax Alerts Parents: Child Tax Credits Claimed in Error Could Spark Costly Audits

With IRS tightening enforcement on dependents and tax credits, families face heightened scrutiny for mistakes on 2024 and 2025 returns IRVINE, CA / ACCESS Newswire / July 30, 2025 / As the IRS ramps ...
Investopedia

Are IRS Penalties Tax Deductible?

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...
Hosted on MSN

Income Tax audit deadline extension: What happens if you miss the new due date? Key FAQs answered

Income Tax audit deadline extension: The deadline to submit an income tax audit for audit reports for the year 2024-25 has been extended to October 31, 2025, from the previous deadline of September 30 ...
Hosted on MSN

Tax Audit Extension 2025: Don't Miss These Key Dates! Deadline, rules, and penalties

Tax Audit Extension: The deadline for submitting the Income Tax Audit Report via the e-filing ITR portal is September 30, 2025, for the Assessment Year 2025-26 (Financial Year 2024-25). However, ...