what is the statute of limations on taxes?

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what is the statute of limations on taxes?

on psat due taxes

2007-06-26 04:16:19 · 3 answers · asked by mike m 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

10 years - see this link

http://www.wwwebtax.com/audits/statute_of_limitations.htm

2007-06-26 04:20:38 · answer #1 · answered by Slumlord 7 · 0⤊ 1⤋

It depends on a lot of things. If you didn't file, or if fraud is involved, there is no limitation. And if you filed late, the clock on the statute of limitations doesn't start running until you file

Under other circumstances, the IRS has ten years to collect.

2007-06-26 11:44:21 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

That's a loaded question.

It depends on what type of tax it is, where you're located (due to state/local tax issues).

What type of tax is it ?

2007-06-26 11:25:16 · answer #3 · answered by zaxbax 2 · 0⤊ 0⤋