How To Manage A Tax Audit Process

Description

Every taxpayer expects communication from the tax authority about their tax affairs. In most cases, communication is as a letter, a phone call, an email, or a visit by tax officers. The tax officers will seek answers concerning various tax compliance issues. The taxpayer must prepare adequately for the tax audit. The preparation should be for the period before the tax audit, during the actual tax audit exercise, and after the tax audit. This preparation will facilitate the tax audit process, thus less pain to the taxpayer. Failure to handle the tax audit process properly is expensive in terms of time and other resources. This e-book sets out the steps that a taxpayer can take to facilitate the tax audit process.