Statute Of Limitation Exceptions: 7 Tax Return Exceptions That Will Get You In Trouble With The IRS
As a company that helps resolve tax issues for clients, we are frequently asked if there’s a statute of limitations for taxes. Is there a point in time when tax returns are deemed too old to audit and off-limits for the IRS?
The short answer? Yes.
The long answer? There are many exceptions to the statute of limitations. Due to this, it would be more efficient to explain the statute exceptions instead of the statute of limitation rules.
Though the majority of the statute of limitations exceptions are common sense, there are a few that may compel you to double-check last year’s tax return.