The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable ...

CBDT extends Tax Audit Report deadline to Nov 10, 2025, and ITR for non-TP audit cases to Dec 10, 2025. TP cases must file ITR by Nov 30. File the audit report first to avoid S 271B ...

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 ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you fail to file a required Form 5471, your entire tax return ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. There is quite a mystique about avoiding a tax audit. Except for ...

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

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 ...