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Tax Audits

Tax audits are examinations of a person or business's tax returns by a government agency to ensure that the reported income and taxes paid are accurate. Tax audits can be conducted by the Internal Revenue Service (IRS) in the United States, or by a similar agency in other countries. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to tax audits.

Tax Transcript: Types, How to Get One, and When You Need It Thumbnail

Tax Transcript: Types, How to Get One, and When You Need It

Andrew Latham

Positive Confirmation: Definition, Application, and Best Practices Thumbnail

Positive Confirmation: Definition, Application, and Best Practices

Abi Bus

IRS Publication 556: Insights, Real-Life Scenarios, and Strategies Thumbnail

IRS Publication 556: Insights, Real-Life Scenarios, and Strategies

Silas Bamigbola

Correspondence Audits: Definition, Examples & Expert Strategies Thumbnail

Correspondence Audits: Definition, Examples & Expert Strategies

Silas Bamigbola

Revenue Agents: Roles, Qualifications, and Real-Life Cases Thumbnail

Revenue Agents: Roles, Qualifications, and Real-Life Cases

SuperMoney Team

Office Audits: Understanding the Process, Procedures, and Implications in Tax Compliance Thumbnail

Office Audits: Understanding the Process, Procedures, and Implications in Tax Compliance

Alessandra Nicole

Understanding Voluntary Compliance in U.S. Income Tax: Principles, Expectations, and Enforcement Thumbnail

Understanding Voluntary Compliance in U.S. Income Tax: Principles, Expectations, and Enforcement

Alessandra Nicole

Field Audits: Types, Real-Life Examples, and Success Strategies Thumbnail

Field Audits: Types, Real-Life Examples, and Success Strategies

SuperMoney Team

Understanding Revenue Agent's Reports: Definition, Process, and Implications Thumbnail

Understanding Revenue Agent's Reports: Definition, Process, and Implications

Alessandra Nicole

About Tax Audits

Tax audits are examinations of a person or business's tax returns by a government agency to ensure that the reported income and taxes paid are accurate. Tax audits can be conducted by the Internal Revenue Service (IRS) in the United States, or by a similar agency in other countries.