Tax
Sep. 26, 2022
Skip a form, IRS can audit you forever
The possibility that the IRS can audit forever is chilling. The potential for large civil penalties and perhaps even criminal liability is real.
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.
Every tax form is important, but not all forms are created equal. Arguably most important is the tax return itself, IRS Form 1040 for individuals. Of course, businesses have their own forms. If you don't sign and file a tax return, the statute of limitations never starts to run. The same is true in California, although mostly here we'll be talking about federal taxes. Most people know that if you don't file a tax return, your statute of limitations clock never starts...
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