How long does IRS have to audit your tax returns?
About This Video: How long does IRS have to audit your tax returns?
If I want to be cynical about it, the answer is the time never ends. But generally speaking, IRS has the following time frame to audit your business:
3 years - after the filing of your tax return.
But…
6 years - if you omitted 25% of income on the tax return filed…
Further but (also known as the exception)...
No time limit for IRS if you did not file tax return or filed a fraudulent tax return.
To Read the full blog article: https://focuslawla.com/how-long-does-irs-have-to-audit-your-tax-returns/
**** Show Notes and Resources ****
1. Connect with Tony Liu here:
https://www.facebook.com/tony.t.liu/
2. Coming Soon! Get a copy of Tony's books
How to Avoid 6 Legal Mistakes That Crush Small Business Owners - [link - coming soon]
This is Your Day! Daily inspirational quotes that move and empower you. - [link-coming soon]
4. FOCUS Law – Helping Entrepreneurs to spend money on growing business instead of lawsuits that could have minimized or prevented growth.
Facebook: https://www.facebook.com/FocusLawLA/
LinkedIn: https://www.linkedin.com/in/tonyliuattorney/
Instagram: https://www.instagram.com/focuslawla/
Twitter: https://twitter.com/FocusLawLA
Website: https://focuslawla.com/
Blog: https://focuslawla.com/blog/
DISCLAIMER: This video and the description it contains are for providing general information only, and not for legal advice. There is no attorney-client relationship established by watching the video on this channel. If you are interested in establishing an attorney-client relationship with Focus Law, please call (714) 415-2007 or write us at hello@FocusLawLA.com
Видео How long does IRS have to audit your tax returns? канала FOCUS Law
If I want to be cynical about it, the answer is the time never ends. But generally speaking, IRS has the following time frame to audit your business:
3 years - after the filing of your tax return.
But…
6 years - if you omitted 25% of income on the tax return filed…
Further but (also known as the exception)...
No time limit for IRS if you did not file tax return or filed a fraudulent tax return.
To Read the full blog article: https://focuslawla.com/how-long-does-irs-have-to-audit-your-tax-returns/
**** Show Notes and Resources ****
1. Connect with Tony Liu here:
https://www.facebook.com/tony.t.liu/
2. Coming Soon! Get a copy of Tony's books
How to Avoid 6 Legal Mistakes That Crush Small Business Owners - [link - coming soon]
This is Your Day! Daily inspirational quotes that move and empower you. - [link-coming soon]
4. FOCUS Law – Helping Entrepreneurs to spend money on growing business instead of lawsuits that could have minimized or prevented growth.
Facebook: https://www.facebook.com/FocusLawLA/
LinkedIn: https://www.linkedin.com/in/tonyliuattorney/
Instagram: https://www.instagram.com/focuslawla/
Twitter: https://twitter.com/FocusLawLA
Website: https://focuslawla.com/
Blog: https://focuslawla.com/blog/
DISCLAIMER: This video and the description it contains are for providing general information only, and not for legal advice. There is no attorney-client relationship established by watching the video on this channel. If you are interested in establishing an attorney-client relationship with Focus Law, please call (714) 415-2007 or write us at hello@FocusLawLA.com
Видео How long does IRS have to audit your tax returns? канала FOCUS Law
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