Office audit

Office audit,

Definition of Office audit:

  1. A type of document examination that is conducted by the IRS (Internal Revenue Service). Typically these types of audits are considered to be simple and they normally take place at a companys physical office or location.

  2. The IRS may select a tax return for an office audit at random as part of routine compliance efforts. A tax return may also be selected because of suspected errors based on mismatched documents or the examination of related taxpayers' returns. IRS Publication 556 provides details on examination and audit procedures.

  3. In an office audit, a representative from the Internal Revenue Service (IRS) interviews the taxpayer and inspects the taxpayer's records in-person, usually at an IRS office. The purpose of an office audit is to make sure the taxpayer is accurately reporting income and deductions and paying the lawful amount of tax. These audits often only cover a few specific issues identified by the IRS in a written notice to the taxpayer. This notice also identifies which records the audit will review.

Meaning of Office audit & Office audit Definition

Office Audit,

Definition of Office Audit:

A simple definition of Office Audit is: A check at the tax office, usually a simple tax issue.

Literal Meanings of Office Audit

Office:

Meanings of Office:
  1. A group of rooms, rooms or buildings used as commercial, professional or bureaucratic workplaces.

  2. A place of authority or service, usually of a public nature.

  3. Service or kindness provided by another person or group of people.

  4. Daily prayer services and psalm performances are performed (or sung) by Catholic, religious and other pastoral members. As part of the daily prayer service.

Sentences of Office
  1. Attorney General

  2. For centuries, God's office has been faithfully guarded only by priests, monks, and nuns.

Synonyms of Office

support, position, occupation, backing, studio, assistance, patronage, station, workplace, capacity, place of work, intervention, place, auspices, function, situation, advocacy, agency, day job, mediation, job, services, workroom, intercession, appointment, aid

Audit:

Meanings of Audit:
  1. Formal review of an individual or organization's account, usually by an independent organization.

  2. Perform a formal financial review (of an individual or organizational account).

  3. Take informal courses, not academic credentials.

Sentences of Audit
  1. We cannot expect an audit to reveal all fraud

  2. Companies need to verify their accounts

  3. Use the business curriculum knowledge you have researched

Synonyms of Audit

scrutinize, go through, look into, attend, probe, vet, sift, inquire into, inspect, evaluate, study, look over, observe, survey, check into, check, pore over, be an observer at, be present at, go over, delve into, analyse, assess, appraise, review, investigate, watch, go over with a fine-tooth comb, peruse