Income Tax Verification
/ˈɪnkʌm tæks ˌvɛrɪfɪˈkeɪʃən/
Definitions
- (n.) The process of confirming the accuracy and legitimacy of reported income for tax assessment and compliance purposes.
The IRS conducted an income tax verification to ensure the taxpayer's reported earnings were accurate.
Forms
- income tax verification
- income tax verifications
Related terms
See also
Commentary
Income tax verification is crucial for preventing underreporting income; clear statutory authority and procedural fairness should be considered in drafting related provisions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.