Hello and thank you for using Just Answer,The state does have statute of limitations on when they can assess tax and that generally 3 years after a return is filed.
There is no statute of limitations and the NC Secretary may propose an assessment of tax due from a taxpayer at any time if any of the following applies:
a. The taxpayer did not file a return.
b. The taxpayer filed a fraudulent return.
c. The taxpayer attempted in any manner to fraudulently evade or defeat the tax.
If you filed a return for the 1994 tax year and the state did not audit in 3 years then no you would not owe now.If you did not file or filed a fraudulent return the state has no time frame assess the tax.
You need to look at if you were liable for NC tax in 1994. Did you live in NC or receive NC sourced income as a nonresident?
If you did and did not file then the state can pursue this unfortunately.
If you filed and did not pay then the state had 10 years to collect.
The 10 years would have been from the date filed or assessment made.
This would have been in 1995 for a 1994 tax year.
I am sure I filed a NC return in 1994. I probably did owe the taxes at that time. I simply have heard nothing from NC about this since (I am guessing here) 1998+/-.
This is an all too occurring thing recently. Many states are finding taxpayers and the dates are many years in the past
You could request a copy of the return they have.
That is a good idea. I would rather pay an attorney than the State anyway.
I wish you all the best.
Just another day in paradise.
I had to smile..............big Buffet fan
Me too. Anyway thanks for the basic info. I think I can safely tell NCDR to go pound sand on this one. I am completely current with them other than this.
Your positive rating is always thanks enough.