Hi there. As set forth in the IRS rules and regulations, the following statutes of limitations apply with regard to tax fraud....
II. Statutes of Limitationsa. Civil Tax Fraud: No statute of limitations (tax can be assessed at any time).b. Criminal Tax Fraud (Evasion): The criminal statute of limitations is only on the prosecution of the crime i.e. tax evasion (not the assessment of tax owed).Generally, 3 years after the offense is committed.Six (6) years for specified offenses (including: unreported income) (IRC §6531)Under Federal Criminal Code (Title 18 U.S.C.A.) 5 years after the commission of a crime.The statute begins to run when the last of the acts constituting the tax evasion is committed.
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