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There are different statues of limitations in place depending on the circumstances.
As far as the IRS being able to audit a return, generally they have up to 3 years from the original due date of a return to audit. In cases where your income was under reported by more than 25% for the year, then they can audit that return for up to 6 years from the original due date. In cases where a return was never filed, the IRS is not limited at all as to when they can assess any taxes that you owe.
Once the IRS does audit a return and/or assesses taxes that you owe, they have 10 years time to collect the taxes owed. The clock starts on the dtae the IRS auditor made the final sign off on the assessment.
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Thank you enchantment, and happy holidays to you.
Hello again enchantment,
That date should be approximately correct. This is assuming that you actually filed the return for that period on time and that the return was not later audited and additional taxes assessed.
So if the last date of assessment was in June of 2000, then the collection time period should expire in June of 2010.
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Thank you enchantment
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