The income tax audit deadline is on October 7, 2024, for FY 2023-24 (AY 2024-25). However, this deadline is an extended deadline, which means if you were pinning your hopes on the extended deadline, ...

In a major relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended key income tax deadlines for AY 2025-26. The due date for filing income tax returns (ITRs) for AY 2025-26 in tax ...

Tax audit deadline 2025: September 30, 2025, remains the cut-off date for eligible taxpayers, including specific individuals, to file their income tax audit reports. For clarity, tax audits can only ...

In a major relief for taxpayers and professionals, the Punjab & Haryana High Court and the Himachal Pradesh High Court on Tuesday extended the income tax return (ITR) filing deadline for tax audit ...

There are few words in the English language more likely to produce an involuntary wince than “audit.” If your tax return is audited, you may need to pay a tax bill or tax penalties depending on what ...

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...

In a major relief for taxpayers, the Central Board of Direct Taxes (CBDT) on Wednesday extended the deadline for filing income tax returns (ITRs) and audit reports for the assessment year 2025-26.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...

You finally finished your tax return and just when it's finally off your mind, you get a letter from the Internal Revenue Service letting you know you're being audited. Not all audits result in you ...

LORIS, S.C. (WMBF) – A preliminary report shows that less than 25% of Loris hospitality tax funds may have been used properly. The Loris City Council listened to a presentation during Monday night’s ...