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statute of limitations

March 20, 2020
What is the Statute of Limitations for the IRS to Assess Tax, and Are There Exceptions for Taxpayers Abroad?

Why the FBAR Statute of Limitations Won’t Save You

The “Limits” of the FBAR Statute of Limitations: Page Contents at a Glance A favorite trope in crime dramas is to save a protagonist from prosecution […]
February 16, 2017
Reset the Statute of Limitations Period on Tax Evasion

Lies, Misstatements, Mistakes, and Concealment or Furtherance of Tax Evasion Will Reset the Statute of Limitations Period

Frequently, individuals want to know how long they have to worry about past tax mistakes coming back to bite them. For many people, it is relatively […]
August 4, 2015

The Ability of the IRS to Audit Taxpayers Just Doubled for Many

Most people that have paid tax in the United States have come to the realization that the rules and regulations that make up our nation’s tax […]
March 26, 2014

A Word on Statute of Limitations for Basis Overstatement

This blog entry concerns United States v. Home Concrete, 2012 U.S. LEXIS 3274 (2012), a recent Supreme Court case, which held that one’s basis overstatement is not […]