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23 September 2008

Re: [taxchat] statue of limitations

Was there a Form 872 signed off to extend the time, or was the return filed late so the statutes started after the filing date? I had a client that was in collections and required to file his more current years. Since he was in collections they still made him pay for the 1997 return even though another branch of the IRS sent him a notice that 1997 was out of statute. The collections officer's reasoning was because 1997 became a special issue because of their involvement.

2008/9/23 Cris Kelly <ckelship@yahoo.com>

I thought after 10 years that the IRS could no longer enforce collections?

 

cris

 

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: Tuesday, September 23, 2008 12:35 PM


To: taxchat@yahoogroups.com
Subject: Re: [taxchat] statue of limitations

 

I do not believe there is any statute of limitations on a Debt.  It just accrues more interest.

 

Arnie

 

 

----- Original Message -----

From: Cris Kelly

Sent: 09/23/2008 3:28 PM

Subject: RE: [taxchat] statue of limitations

 

Sorry / IRS is trying to get money for taxes that were filed in 2002 from one of my clients.

Thanks,

cris

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: Tuesday, September 23, 2008 12:18 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] statue of limitations

What statute of limitations are you concerned about?  There are several for different things.  Such as, 7 years for civil suite, 3 years for IRS to audit, none for fraud. Just found out because of an accident I had in a national store - 3 years for personal injury. So be more specific.

Arnie

----- Original Message -----

From: Cris Kelly

Sent: 09/23/2008 2:53 PM

Subject: [taxchat] statue of limitations

Isn't it 10 years?

I just want to verify.

Thanks,

cris

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.




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