Examination of businesses or individual tax return by state tax authorities in the U.S.
"Tax audit" redirects here. For the sales tax kind, see sales tax audit. For the company, see TaxAudit. For more general information, see Income tax.
This article is part of a series on
Taxation in the United States
Federal taxation
Alternative minimum tax
Capital gains tax
Corporate tax
Estate tax
Excise tax
Gift tax
Generation-skipping transfer tax
Income tax
Payroll tax
Internal Revenue Service (IRS)
Internal Revenue Code (IRC)
IRS tax forms
Revenue by state
History
Constitutional authority
Taxpayer standing
Court
Protest
Evasion
Resistance
State and local taxation
State income tax
Property tax
Sales tax
State and local tax deduction
Use tax
Land value tax
State tax levels
Federal tax reform
Automated payment transaction tax
9–9–9
Competitive Tax Plan
Efficient Taxation of Income
FairTax
Flat tax
Hall–Rabushka flat tax
Kemp Commission
Taxpayer Choice Act
USA Tax
Value added tax
Border-adjustment tax
United States portal
v
t
e
In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws.[1]
The IRS enforces the U.S. Federal tax law primarily through the examination of tax returns that have the highest potential for noncompliance. According to the IRS, "[t]his identification is determined using risk-based scoring mechanisms, data driven algorithms, third party information, whistleblowers and information provided by the taxpayer. The objective of an examination is to determine if income, expenses and credits are being reported accurately."[2]
^Income Tax Audit Hits One Of Every 47 Filers, The Robesonian, January 24, 1980
^IRS Update on Audits (2019), Internal Revenue Service, U.S. Dep't of the Treasury.
States, an incometaxaudit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The...
impose an incometax. They are determined by applying a tax rate, which may increase as income increases, to taxableincome, which is the total income less...
central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. Income-tax law consists of the...
incometax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxableincome)...
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar...
an Internal Revenue Service (IRS) or state incometaxaudit. In the United States, during an incometaxaudit or examination, the IRS and all states allow...
A tax return is the completion of documentation that calculates an entity or individual's income earned and the amount of taxes to be paid to the government...
May 2013. IncometaxauditTax collection Tax administration Code or Practice 8 Code of Practice 9 - civil investigation of fraud Pure Tax - Tax Investigations...
California. TaxAudit is a membership organization that offers prepaid audit defense and representation services when a member receives an incometaxaudit. They...
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is incometax paid to the government by the payer of the...
levies a value added tax, corporate incometax, and excise taxes. Some emirates levy property, transfer, excise and tourism taxes. Some emirates also charge...
taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income...
federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains,...
collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. Legislation administered by the CRA includes the IncomeTax Act...
this yields income before taxes. The final step is to deduct taxes, which finally produces the net income for the period measured. Income statements may...
Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer...
1040, officially, the U.S. Individual IncomeTax Return, is an IRS tax form used for personal federal incometax returns filed by United States residents...
California Franchise Tax Board (FTB) administers and collects state personal incometax and corporate franchise and incometax of California. It is part...
avoid some taxes by refusing to earn more taxableincome or buying fewer things subject to sales taxes. Tax evasion is illegal, while tax avoidance is...
net income. As such, a person's taxableincome will generally be subject to the same federal incometax rules, regardless of whether the income was obtained...
affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains...
The audit centered on a potential failure to report cancelled debts as income by Trump, and whether he performed a stock-for-debt swap. Some tax attorneys...
corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental...
Indian tax forms are used to document information in compliance with the IncomeTax Act of 1961 and in accordance with the IncomeTax Rules (codified in...
offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance, and legal services. They handle the vast majority of audits for publicly...
income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and...
Global Information
United States portal