A method for managing tax audit (TA) information for a business entity using a server system is provided. The server system is coupled to a centralized database and at least one client system. The method includes receiving at the server system TA information from the client system, storing TA information received at the server system in the centralized database, tracking TA information stored in the centralized database, updating the centralized database periodically with newly received TA information to maintain TA information, and providing TA information in response to an inquiry.