Tax
Jun. 21, 2013
Courts disagree when it comes to tolling tax statute
How much time does the Internal Revenue Service have to assess taxes? This simple question is put to tax lawyers and accountants all the time, but the answer isn't always simple. By Robert W. Wood and Dashiell C. Shapiro
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 much time does the Internal Revenue Service have to assess taxes? This simple question is put to tax lawyers and accountants all the time, but the answer isn't always simple. Usually it is three years, in some cases it is six years, and sometimes it is even more.
Then there is the IRS collection statute, which is generally 10 years. But that assumes the taxes were validly and timely assessed. Most of th...
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