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Sep 22 2017

IRS Statute of Limitations – IRS Tax Attorney, fbar statute of limitations.#Fbar #statute #of #limitations

# What is the IRS Statute of Limitations? Is there a time limit placed upon the IRS when it comes to auditing your tax returns or collections of tax related debt? The answer is yes and this time limit is known as a Statute of Limitations. Traditionally, the IRS Statute of Limitations has been three years to complete an audit of your income tax returns. The IRS Statue of Limitations is extended to six years for criminal violations or the omission of more than 25% of your income. However, the IRS Statute of Limitations time frame begins with the filing …