Statute Of Limitations Flashcards
0
Q
If you do not report income that you should and it is more than 25% of the gross income shown on your return, then the period is…
A
6 years
1
Q
If you owe additional tax & you file a non fraudulent return with no inadvertently left out income, the period is…
A
3 years
2
Q
If you filed a fraudulent return, then the period is…
A
No limit
3
Q
If you did not file a return, then the period is..
A
No limit
4
Q
If you file a claim for credit or refund after you filed your return, then the period is…
A
Later of 3 years or 2 years after the pax was paid
5
Q
If you file a claim for a loss from worthless securities, then the period is…
A
7 years
