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Extend income tax audit deadline due to ITR portal glitch, AIS errors, new ICAI enhanced reporting needs: Nagpur Chamber of Commerce

The Nagpur Chamber of Commerce has sent a representation to the Central Board of Direct Taxes (CBDT), asking for a two-month extension on the income tax audit deadline, pushing it to November 30, 2025 ...
JD Supra

Why the IRS Requests Information During an Audit — and Why the “Why” Matters More Than the Request Itself

If you have received an IRS Letter of Notification advising you that your return has been selected for audit, the most important thing to ...
Forbes

If You Are Under Audit And IRS Asks For More Time, Should You Agree?

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...
Forbes

IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever; States Can, Too

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you face a tax audit and can legitimately point ...
Nasdaq

How To Handle a Tax Audit — And When To Hire Help

There are few things that strike more fear into the heart of the average taxpayer than the words "IRS audit." The thought of facing down an IRS auditor and having to explain your entire financial life ...
CNBC

These red flags that can trigger an IRS tax audit are 'low hanging fruit,' expert says

While IRS tax audits are rare, some filers worry their returns could be picked for examination. You can avoid future issues by keeping receipts and other records to support your claims, experts say.