IRS Statutes of Limitations for Tax Refunds, Audits, and Collections
The Internal Revenue Service gives itself plenty of time to make sure your tax situation is on the up-and-up. The tax code gives the IRS three years to audit your tax return and 10 years to collect any tax you might owe. It also sets a deadline for you—when you must file your return if you want to collect any refund that's owed to you.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: William Perez
Original Article Posted on: November 07, 2020
Link to Original Article: https://www.thebalance.com/irs-statute-of-limitations-3192947