what is the time limit on getting audited by the IRS?

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what is the time limit on getting audited by the IRS?

2007-05-28 13:38:02 · 3 answers · asked by black_man_in_china 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

3 answers

Three years if there is no major amount of income not reported, longer if fraud is suspected. But the clock doesn't start running until you file, so if you didn't file, there is no time limit.

2007-05-28 14:48:00 · answer #1 · answered by Judy 7 · 1⤊ 0⤋

Knowing the federal government, probably forever. But most professionals will tell you that 7 years is the rule for keeping tax information.

2007-05-28 13:42:26 · answer #2 · answered by Sharyn 5 · 0⤊ 1⤋

3 years. Unless there is reasonable cause to suspect fraud. Then there is no limit; they can go back indefinitely.

2007-05-28 14:46:20 · answer #3 · answered by summababitch 2 · 1⤊ 0⤋