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Sherica Celine
over 1 year ago
Legal Insights Blog
Practical Guidance
Are You Secure About Your Tax Return Being Audit-Proof? Learning More About the Federal Tax Statutes of Limitation
Statutes of limitation provide the IRS time to review and seek redress for errors in tax returns, whether intentional or not. Under the general rule, the IRS must assess income taxes, estate taxes, and gift taxes within three years from the later of the...