Under Audit definition
Under Audit means a taxpayer who has been given written notice of the Department’s intent to audit a specific tax for a specific time period which includes managed audits, self-audit requests, self analysis, or written approval from the Department to participate in a certified audit. Examples of such notices are: the notification of intent to audit books and records, the notification of correspondence audit, or self analysis and self audit requests. “Under Audit” shall also include a taxpayer who has been given written notification that the Department is conducting an examination of a transaction(s) or reporting period(s) for possible underpayments or overpayments.
Under Audit means a taxpayer who has been given written notice of the Department's intent to audit a specific
Examples of Under Audit in a sentence
Under Audit CAP, the Plan Sponsor is subject to a sanction determined in accordance with section 15.