How far behind is the IRS ?

Ridgeline · Dec 8, 2023

mtoo said: ↑

3 Year IRS Audit Statute of Limitations
Most of the time, the IRS only has three years to audit you from the tax return due date.

Therefore, if you filed a tax return before April of the current tax year, the statute of limitations still does not begin until April 15 (or 17th or 18th depending on the year). For example, if David’s 2015 tax return is due on April 15, 2016, but David files the return on February 1, 2016 – the IRS still has until April 2019 to audit David — even though David filed before April 15.

If you filed a tax return after the due date, the IRS has three years from the day you filed late.

6 Year IRS Audit Statute of Limitations
Under certain circumstances such as having a significant amount of unreported income (or improper deductions which deflated the income significantly) or foreign income of more than $5000 that stems from a section 6038 asset – the statute is extended to six years.

In other words, the IRS gets to tack on an additional three years to audit you. Therefore, using the example above, the IRS would have an additional three years audit if it is determined that David had significant amount of unreported income or over embellished deductions.
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Good luck to you!!!!!! Glad I'm old, retired and don't deal with the IRS anymore except for my very simple "retired old man" return. Personally I thought it was a 3 years, 5 years or 7 years all depending on how the IRS feels about you. But a quick google search says 3yr or 6yr, It,s the Gov. they get to do what they want.
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generally speaking, if there is fraud involved, they can go back as far as they want.

Vampire · Dec 31, 2023

The people were better off without the IRS and the income tax.

ihaveaquestion · Jan 11, 2024

xsetra said: ↑

They can go back 7 years. If they find something of interest, (I'm told) they can chase older documents for clarification.
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and then they let Chicagoland exist every 6 months with new carriers to prevent audit, and all the trucking scams and frauds… but they’ll be so quick to pick on the little guy over there by themselves doing nothing or trying to do nothing wrong but the right thing

ihaveaquestion · Jan 11, 2024

Vampire said: ↑

The people were better off without the IRS and the income tax.
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Yeah! Agree with vampire!

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