Tax solutions
Statute of Limitations
Many people do not realize that there is a statute of limitations on both the IRS' right to audit your returns, and its right to collect past due taxes from you.
- A statute of limitations exists on IRS' right to audit (generally 3 years from date of filing of returns)
- A statute of limitations exists on IRS' right to collect (generally 10 years from date of assessment of liability)
- Both can be extended if an Offer in Compromise is filed and not accepted; if a bankruptcy is filed and the debt was not discharged; if the taxpayer is out of the country for at least 6 months; or if the taxpayer voluntarily extends the statute.
One of the services Barbra Joyner provides is determining exactly when the statute of limitations will expire in your case.
 |
We know the answers and we can help solve your tax problems! Contact us now to get your life back. |
