 Can I claim 2 over 21yr olds as dependents on 2007 return? |
| my 25 yr old is fulltime student but no income,my 26 yr old is being treated for mental condition and did not work in 2007-probably won't for a few months. I'm a single parent,both live ... |
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 What if We don't think our Tax guy did our taxes correctly? |
| We think we got screwed over with our taxes this year. It is the first year we filed jointly because we got married in May of 06. Basically, last year when we filed separately, we got back a total ... |
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 If you were single and had no kids, and you made $70,000 a year would you...? |
get any money back at tax time or would you end up paying more or what?
Say you just claimed 1...... |
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 Do I have to file taxes if I made under $10,000? |
| Someone told me , If I make under $10,000 that I don't have to file taxes. Is this true? I am married with 2 kids but my husband makes the most money. If I don't have to file then we would ... |
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 Why do those who have never paid into the system still get as much as those who did? |
| to be more specific, I mean those that have paid into the nhs, or into a pension arent that much better off (it seems) than those that have never worked or paid into a pension, .... even there rent ... |
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 As a in home childcare provider, what happens if a parent files taxes before me, giving false amount to IRS? |
| I dismissed a parent that was taking advantage of me.They would not respect my days off and lied about having to work on holidays(they are Army).I gave some receipts during the 10 months that I kept ... |
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 I am disabled, had to sue for long term disability, won, do I have to pay taxes on lump sum received.? |
| the ltd was paid for two years then abruptly stopped, I had to take legal action which took two years and won a lump sum settlement, is the settlement taxable.... |
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 Tax Stimulus check only $600 for married joint return? Mad as hell? |
| My wife and I only got $600 total. The letter states something about a Federal tax liability being less then $600. We had $512 taxable income before deductions. WTF? I thought all persons who filed a ... |
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| My wife and i made 58,000 last year and have two kids? |
irs site sed we should get 1800 is that a load of crap? i dont owe back taxes or child support so i hope its right.
Additional Details
from what i read on hear people are getting less ... |
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 I'm single, 66, retired, making 17800 per year, no dependents. Should I file as head of household? |
Additional Details
rtfm, i do not live alone. but the person who lives with me in my home is not a dependant.
therefore, i have a household. and I am the head of it. i ... |
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bones | Does the IRS have a statute of limitations how far back they can go? |
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A Prophet Hiding In A Cave
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none that we know of |
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mrscmmckim
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Generally, it is 7 years. But, it depends on if you are a working stiff or a corporation. It is possible for them to require 13 years for a corp. |
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smonical
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In general, they have 3 years from the later of the time the return was due or from the time it was filed. There are a number of circumstances where the limitation is longer. If you didn't file a required return, they can go back indefinitely. |
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Who dat
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Nope. They are the Governtment. The have no limitations. They can get you from 20 years ago if they wanted to. |
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MuaRung
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I thought it was 5 years. My dad told me I could throw away tax returns from over 5 years ago. |
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Empy
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I've been told it's 7 years. |
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Shanew
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As a general rule, the IRS must assess tax, or file suit against the taxpayer to collect the tax, within three years after the return is filed [IRC Sec. 6501(a)]. The three-year period of limitation on assessment also applies to penalties.
An extended six-year statute of limitations on assessment applies to returns that omit a substantial amount of gross income [IRC Sec. 6501(e)]. The extended statute gives the IRS extra time to identify and assess a deficiency in situations where the taxpayer's return gives no clue to the existence of the omitted income. The statute of limitations is extended to six years when the taxpayer omits gross income in an amount exceeding 25% of gross income actually reported on the income tax return.
The Code states that the IRS can assess tax or bring a suit to collect (unassessed) tax at any time in certain situations [IRC Sec. 6501(c)]. Of the several situations listed, the following are the most prominent:
1. The taxpayer does not file a return [IRC Sec. 6501(c)(3)].
2. A false or fraudulent return is filed with the intent to evade tax [IRC Sec. 6501(c)(1)]. The IRS has the burden of proving this for each year it assesses tax under the unlimited limitations period of IRC Sec. 6501(c)(1) [Harold L. King, TC Memo 1979-359 (1979)].
3. The taxpayer attempts to defeat or evade any tax, other than income, estate, and gift tax [IRC Sec. 6501(c)(2)]. |
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katlyn: Yahoo chat fugitive
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For most tax issues, the statue of limitations is two years. However, they can, and do, go back farther than that.
Are you having an issue with the IRS, or are you just worried about a return you filed in the past? If you have a pressing issue, and need more specific advice, you may feel free to e-mail me.
I'm an accountant and I've never lost an arguement with the IRS to date. Most of them relly don't know what they're talking about half the time, and if you know what you're talking about, you can bully them like a fat kid in gym class (which is a lot of fun, by the way). |
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laughter_every_day
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Well, it seems that about half the responders have no idea. There are multiple statutes of limitations. However, limitations is an affirmative defense and if you don't raise it, it is lost. As a common tactic, the IRS will try to get you to waive the statute of limitation early on in the audit process, while you still think that you might be OK.
The limitations for criminal prosecution for tax evasion and failure to file used to be three years. That could have changed. I believe the civil limitations, going after the money, is 7 years. If you waive it in the hopes of a favorable audit, then buckle your seatbelt. |
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Ă‘ina
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lol, you know i dont know but i can ask at work tomorrow since im working in the irs building ..lol |
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Itellthetruth
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no way they will dig shiit up from the time you were born. dont be afraid they use scare tactics that hold no ground |
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