Assessee

An assessee is an individual or entity that is subject to assessment for tax purposes. This can include individuals filing personal income taxes, businesses paying corporate taxes, or other entities required to report their income and expenses to tax authorities. The process involves evaluating the financial records to determine the amount of tax owed. Essentially, anyone who needs to report their income and comply with tax laws is considered an assessee. The term is commonly used in discussions of tax administration and compliance.