- correspondence audit
An examination of the accuracy of a taxpayer's income tax return conducted through the mail by the Internal Revenue Service, which sends the taxpayer a request for proof of a particular deduction or exemption taken by either completing a special form or sending photocopies of relevant financial records.
Dictionary from West's Encyclopedia of American Law. 2005.
- correspondence audit
An examination of the accuracy of a taxpayer's income tax return conducted through the mail by the internal revenue service, which sends the taxpayer a request for proof of a particular deduction or exemption taken by either completing a special form or sending photocopies of relevant financial records.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
Look at other dictionaries:
Correspondence Audit — Tax audits that the IRS performs by mail. Correspondence audits are the lowest level of auditng performed by the IRS. The IRS sends the taxpayer a written request for additional information about a specific item or issue on a specific tax return … Investment dictionary
correspondence audit — An audit conducted by the Internal Revenue Service through the use of the mail. Typically, the I.R.S. writes to the taxpayer requesting the verification of a particular deduction or exemption. The completion of a special form or the remittance of … Black's law dictionary
audit — Systematic inspection of accounting records involving analyses, tests, and confirmations. The hearing and investigation had before an auditor. An audience; a hearing; an examination in general. A formal or official examination and authentication… … Black's law dictionary
audit — An independent review of an asset, liability, activity, organization, or set of *financial statements. Audits are usually performed to support or refute defined *audit objectives, and normally result in an *audit opinion on the matter under… … Auditor's dictionary
Field Audit — An audit is an investigation conducted by the Internal Revenue Service (IRS) into a taxpayer s financial records and tax return(s). A field audit is a systematic investigation by the IRS that is conducted at the taxpayer s place of business or at … Investment dictionary
Information technology audit process — Information technology audit process:Generally Accepted Auditing Standards (GAAS)In 1947, the American Institute of Certified Public Accountants (AICPA) adopted GAAS to establish standards for audits. The standards cover the following three… … Wikipedia
Climate Audit — URL ClimateAudit.org Type of site Blog Available language(s) English Owner Steve McIntyre Created by Steve McInt … Wikipedia
external audit — An *audit of *financial statements by independent individuals or organizations. *Robert Khun Mautz has suggested that the role of external auditing in an advanced economic society can be and has been stated in very simple terms to add credibility … Auditor's dictionary
office — A right, and correspondent duty, to exercise a public trust. A public charge or employment. An employment on behalf of the government in any station or public trust, not merely transient, occasional, or incidental. The most frequent occasions to… … Black's law dictionary
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium