answersLogoWhite

0

This is more a "generally" answer than specific to any tax...although most have their own specifics, the generalities remain the same.

There are many SOLs..ones for reviewing return, ones for assesing the tax, and ones for collecting the tax assessed. Together than can make for a long time under any circumstances.

The SOLs are different for each type of tax.

For individuals on income tax, the first is generally 3 years from when you filed the return.

If there is a gross understatement of tax (25% or more), then the statute is 6 years.

There is no statute if fraud is involved. (Fraud can sometimes be considered by intentionally not paying any amount, especially over 25%, without any real legal support.

MOST IMPORTANT: The Statutes don't even start to run until a return is filed. (Didn't file, always open...no SOL argument available).

The way the time is counted gets complex. Many things toll (means stops) the running/counting of time...like the Govt sending a letter (responded to or claimed to have been received or not to what is/was your last known address with that Department), negotiating, etc. Generally holidays and such don't count either.

Commonly, a jeopardy assesment is issued before the SOL for assessment runs out. Specifically allowed by law if the Govt feels it is at "jeopardy" of losing out. These assessments are obviously very high and actually change your legal position as they are given the "presumption of correctness" and become what you then have to prove inaccurate by specific amounts.....rather than the Govt having to prove your return inaccurate.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

How many years can MD state go back to get unpaid sales and use taxes?

how many years can the state of maryland collect owed unpaid sales and use taxes from a business


What is one measure the IRS might resort to in order to collect back taxes?

The IRS has several measures that they might use to collect back taxes. Sometimes they will take some of your belongings to pay for part of the taxes, they have even taken homes before! The IRS might also take your state refund to pay of the taxes.


Do you get the FICA back on your federal taxes?

No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.


Do you get all of your state taxes back?

No, you do not get all of your state taxes back.


how can i find out what i received back from the state of illinois ?

how can i found out what i received back from illinois


Can the state of Illinois garnish your socal security benefits for back state taxes?

Yes, the state of Illinois can garnish Social Security benefits for back state taxes. However, federal law generally protects a portion of Social Security income from garnishment, meaning only a limited amount may be subject to withholding for tax debts. It's advisable to consult with a tax professional or legal expert for guidance specific to your situation.


What happens to my owed back taxes when I retire?

You still owe them. In the US, the IRS has 10 years to collect taxes.


How does government get the money it needs?

Loans. They then collect taxes to pay back their debts.


Do mayors taxes collect?

yes. they do then they send back the money they didnt use


How how to get state taxes back?

six


Can the California franchise tax board collect on taxes from 1989 when I'm now living in florida and receiving a bill now in 2012?

I think they can. You could live on the moon and they would get taxes from you. Did you earn the income in CA and not file your taxes because you were in Florida ? If you did that I think they can collect the taxes. Check with a tax attorney that knows CA taxes. Usually, they only go back 5 years and 1989 is further back than that. The state needs money and it wouldn't surprise me if they sent a tax bill to someone who is dead.


If you live in Wisconsin and will be purchasing a car from a dealership in Illinois will you pay the taxes and fees there or when you get back to Wisconsin and register the car?

You should only pay the sales tax in the state it was purchased and the registration fee in the state it is registered.