It’s a common misconception that the IRS has the power to audit anything or anyone at any time. By law, the IRS audit statute of limitations expires after three years. However, certain important exceptions you should know about can extend that audit window indefinitely.
IRS Audit Statute of Limitations: An Explanation
April 21, 2015by admin in Tax Laws, Tax Planning tagged accounting, irs audit statute of limitations, irs audits, tax returns
