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Statute of Limitations on Tax Returns – Paul Gaulkin CPA

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There are a variety of different statutes of limitations that apply to a variety of different situations. Below is a list of these situations and the proper statute of limitations that will apply. Statute of Limitations on Tax Returns 1. Assessment and collection of taxes on returns not filed on or before their proper due date – Statute of limitations expires three years after the return is properly filed with the IRS. 2. Assessment and collection of taxes on tax … Read more

Third Party Summons – Paul Gaulkin CPA

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Whenever a summons is issued to a third party in regard to a issue about a taxpayer, the taxpayer has the ability to file a suit in court to prevent the third party from complying with the summons. The reason a taxpayer may wish to do this is to prevent the third party from sharing information with that IRS that it does not want disclosed. If the taxpayer chooses to file a suit in court, the statute of limitations on … Read more