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 ...

Legislation enacted in November 2015 will fundamentally change the way the Internal Revenue Service (IRS) examines entities treated as partnerships for U.S. federal tax purposes, including how it ...

Most companies, big and small, are subject to an audit at some point. Auditors can focus on one or more areas, such as your financial statements, compliance, tax information or business operations.

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 ...

On November 16, 2022, the IRS released a long-awaited update to the procedure for large corporate taxpayers and large partnerships under continuous audit to obtain Qualified Amended Return (QAR) ...

There's nothing like the word "audit" to inspire fear in even the most honest of taxpayers. While it's natural to be nervous about the prospect of an audit, there's actually a lot less to worry about ...

Some important themes are emerging in auditors’ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years. Goodwill and ...

It’s hard to imagine that anyone wants a do-over with the IRS after they finally finish their taxes, but you shouldn’t live in fear of an audit even if you wouldn’t look forward to one. See: Pros and ...