The Joint Audit Program allows the MTC to perform a comprehensive audit of a business's taxes for several states simultaneously.

Question

Quizplus · Accepted Answer

The statement is true. The Joint Audit Program is designed to allow the Multistate Tax Commission (MTC) to perform a comprehensive audit of a business's taxes for several states simultaneously, in order to identify potential areas of non-compliance or discrepancies in tax reporting. This coordinated approach can help to expedite the audit process and reduce administrative burdens for both the business and the associated states.

The Joint Audit Program Allows the MTC to Perform a Comprehensive