Tax Investigation
/ˈtæks ɪnˌvɛstəˈɡeɪʃən/
Definitions
- (n.) A formal examination or inquiry by tax authorities into an individual's or business's financial affairs to verify the accuracy of tax returns and compliance with tax laws.
The company underwent a tax investigation after discrepancies were found in its financial statements.
Forms
- tax investigation
- tax investigations
Related terms
See also
Commentary
Tax investigation often involves detailed review beyond routine audits, focusing on detecting fraud or deliberate noncompliance.
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.