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 ...
If you're like most Americans, one of your worst fears is having your tax return audited by the IRS. In 2014, the IRS audited nearly 1.4 million tax returns, and almost 1.7 million notices were sent ...
The National Tax Service (NTS) has decided to shorten the duration of on-site tax audits and minimize requests for document submissions to reduce the burden on taxpayers. Additionally, it will ...
The intricate balancing act between the state’s power to tax and the constitutional rights of taxpayers, particularly the right to due process, forms the backbone of fair taxation. Every tax audit ...
We have seen a significant rise in the Bureau of Internal Revenue’s (BIR) revenue collection targets over the years, as the government’s budget requirements continue to grow. While these targets are ...
The Internal Revenue Service (IRS) announced new guidance on Friday aimed at dramatically reducing examination times for corporate taxpayers while making the audit process more collaborative and ...
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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 ...
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