One reason some people find the idea of filing taxes stressful is because of the potential for getting audited. During a tax audit, your return is subject to further scrutiny. But there's a range of ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

Each year small businesses rush to complete their tax returns before the Internal Revenue Service's (IRS) April 15 deadline. Accountants and financial advisors are engaged to ensure that the companies ...

The IRS only has a certain amount of time to audit you -- here's what it means for your tax documents. When you e-file your tax return, you're generally not required to send in any of your tax ...

Common wisdom suggests we keep important papers for seven years, for reasons that, we vaguely recall, have something to do with taxes. For those of us with paper records dating to the Clinton ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. There is considerable talk in the tax world about 'disclosure.' ...

The end of the year is nearly here, which means consumer spending is in full swing and people, in general, are acting a little bit cheerier than normal. However, that cheeriness could disappear once ...

The Central Board of Direct Taxes (CBDT) today (Wednesday, October 29, 2025) extended the deadlines for tax audit cases and ...