Tax
Jul. 27, 2013
IRS: collecting taxes 30 years after the fact
That may sound crazy, but sometimes the IRS has a memory like an elephant. And the IRS can come down like an elephant on top of you, too.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
How long does the Internal Revenue Service have to come after you? It often depends. The number of exceptions, special circumstances and traps is truly mind-boggling. Still, the basic answer is three years, assuming you are filing your tax returns on time and paying your taxes.
But in some cases, that three years doubles to six. For example, foreign account problems - much in the news these days, and mighty dangerous if you're not ...
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