IRS
Statute of Limitations (Tax)
The IRS generally has three years from the filing date to assess additional taxes and ten years to collect assessed taxes. Substantial underreporting of income (over 25%) extends the assessment period to six years.
IRS
The IRS generally has three years from the filing date to assess additional taxes and ten years to collect assessed taxes. Substantial underreporting of income (over 25%) extends the assessment period to six years.