2006-12-02 05:41:41 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
As noted, to audit the general rule is three years, but if you owe the taxes and it is just a matter of the IRS collecting them, they have 10 years from the date of assessment (usually the date you filed the return showing you owe money). If you still owe them a lot of money, say more than $5,000, as the 10 year collection period runs out, the IRS can ask the US Attorney to sue you so that they get another new collection period.
2006-12-02 18:49:49 · answer #1 · answered by mattapan26 7 · 0⤊ 0⤋
Usually its 3 years. However, if they smell something fishy, there is NO LIMIT.
2006-12-02 18:01:14 · answer #2 · answered by Shop4MyBiz.com 2 · 0⤊ 0⤋
It used to be from the cradle to the grave. Recently it was changed to from the womb to the tomb. I understand that Ted Kennedy and the Liberals are going to change that to--"from the injection to the resurrection"......LOL
2006-12-02 05:48:49 · answer #3 · answered by Anonymous · 1⤊ 2⤋