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LSDefine

Simple English definitions for legal terms

tax auditor

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A quick definition of tax auditor:

A tax auditor is a person who checks financial records to make sure they follow the rules about taxes. They look at records for individuals, companies, and organizations to see if they are following federal, state, and local tax laws. Tax auditors help companies with their tax returns and make reports about what they find. There are different types of tax auditors, like those who work for a company, those who work for the government, and those who are hired by a company to check their records.

A more thorough explanation:

A tax auditor is a financial professional who specializes in taxes and evaluates financial records to determine whether they comply with applicable laws and regulations.

Tax auditors examine companies, individuals, institutions, and organizations for compliance with federal, state, and local tax laws. They apply accounting principles to conduct internal audits, analyze and evaluate accounting systems and tax control units to reduce taxes, maintain required tax documentation, assist companies with tax returns, and prepare tax audit reports.

Tax auditors are classified as internal, external, or government auditors.

  • Internal auditors are hired to conduct audits of companies and help identify fraud, tax errors, and mismanagement of funds.
  • External auditors are impartial third parties who help clients file tax forms.
  • Government auditors are hired by the Internal Revenue Service (IRS) to conduct random audits of companies, especially those suspected of tax fraud or evasion.

For example, an internal tax auditor may be hired by a company to ensure that the company is complying with tax regulations and to identify any potential tax errors or fraud. An external tax auditor may be hired by an individual or business to help them file their tax forms accurately. A government tax auditor may conduct a random audit of a company suspected of tax fraud or evasion.

tax attorney | tax basis

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windyMagician
11:09
shaq hows ur love life going? any updates?
shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
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