You Searched For "tax audit" and got 18 results
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2 mins read
Date for filing income tax returns extended to March 15, 2022
For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…
PTI
1 min read
The city in every state where you're most likely to be audited by the IRS
To gather a list of the most audited city in every US state, 24/7 Wall St. analyzed data from tax a…
Erin McDowell,Erin McDowell
1 min read
8 things that could increase your chances of being audited, and how to avoid them
Your chance of facing a full-blown IRS audit is very slim. In fiscal year 2017, the IRS audited 1.1…
Laura McCamy
2 mins read
A bipartisan Senate group wants to fund an IRS crackdown on 'tax cheats' in nascent infrastructure proposal
Sen. Angus King told Insider "there's a lot of money we're leaving on the table." The IRS told Cong…
Juliana Kaplan,Joseph Zeballo…
2 mins read
Under Biden's plan, the top 1% of Americans would pay an extra $100,000 in taxes every year
According to a report from the Institute on Taxation and Economic Policy, the bottom 99% of America…
Juliana Kaplan
6 mins read
There's a second whistleblower complaint no one's talking about, and it could be as damaging to Trump as the Ukraine scandal
"If you tried to interfere with an audit - the way that normally happens is people lie," he said. "…
Tom Porter,Tom Porter,Sonam S…
1 min read
5 last-minute tax moves to make now before Trump's tax plan goes into effect
The team at TaxAudit, an audit defense service, came up with several tax moves to make before 2017 …
Elena Holodny
4 mins read
The 2nd Trump whistleblower is an IRS official who alleges a Treasury Department political appointee tried to interfere with Trump's tax audit
Trump is also at the center of another whistleblower's complaint from a US intelligence official wh…
Sonam Sheth,Tom Porter,Tom Po…
3 mins read
The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes
America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…
Juliana Kaplan
1 min read
The IRS failed to audit Trump during his first two years in office, despite internal policy that mandates a review of presidential finances
The House Ways and Means report released Tuesday revealed the Internal Revenue Service only began a…
Katherine Tangalakis-Lippert
1 min read
Detailed manual scrutiny of service tax returns from August 1
As per a CBEC circular, the detailed return scrutiny would be conducted in respect of such asse…
2 mins read
Giuliani blew up Trump's usual excuse for withholding his tax returns, saying they have in fact been audited
Rudy Giuliani said that President Trump's tax returns are almost completely audited, nullifying the…
Mia Jankowicz
1 min read
Side-hustlers who get paid via Cash App and Venmo risk being audited if they don't report their earnings, IRS warns
A tax expert told Insider that the "worst case" for people with a side-hustle who don't declare ear…
Jyoti Mann
3 mins read
'We didn't ask you': Alexandria Ocasio-Cortez mocked Trump for repeating an old excuse for hiding his tax returns
"Now, we're under audit, despite what people said," Trump remarked. "We're working that out as - I'…
Tom Porter,Tom Porter
1 min read
Elizabeth Warren says the ultra-rich should be audited every 3 years
Sen. Warren made the case for more IRS auditors as part of her pitch for a 2-3% annual tax on the w…
Charles Davis
5 mins read
NATO insiders believe Trump's tax and debt problems make him vulnerable to blackmail by foreign powers
"Everything about his finances smells like blood and we are trained to be sharks," one source told …
Mitch Prothero
2 mins read
Mark Cuban says there is 'no way' Trump is under audit for his 2016 tax returns - but he actually is
As has been reported previously, having your taxes under audit by the IRS does not preclude someone…
Allan Smith
2 mins read
Elon Musk said his taxes are audited every year 'by default' — after posting a debunked Republican claim that the IRS is hiring 87,000 new agents
The Tesla and SpaceX CEO posted a meme on Twitter appearing to link the false claim about IRS staff…