Which information is typically required for a tax audit?

The choice that indicates tax returns, financial statements, and supporting documentation as typically required for a tax audit is indeed correct. During a tax audit, tax authorities seek to verify the accuracy and completeness of the information reported by a taxpayer. This verification process usually necessitates a thorough examination of the taxpayer's financial affairs over a specified period.

Tax returns provide the foundational information regarding taxable income, deductions, and credits claimed. Financial statements, which include balance sheets and income statements, offer a comprehensive view of the taxpayer's financial status, illustrating income sources and expenses over a period. Supporting documentation, which can include receipts, invoices, and other relevant records, is critical for substantiating the claims made in the tax returns and ensuring that all income and deductions align with the actual transactions that took place.

Understanding the context of why this is the right information reflects the broader aims of tax audits: ensuring compliance, verifying accuracy, and assessing the legitimacy of tax positions taken. Other options listed, while potentially useful in certain contexts, do not provide the comprehensive overview of a taxpayer's financial and reporting obligations necessary for a thorough audit.