IRS Statutes of Limitations for Tax Refunds, Audits, and Collections

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The Internal Revenue Service gives itself plenty of time to make sure your tax situation is on the up-and-up. The tax code gives the IRS three years to audit your tax return and 10 years to collect any tax you might owe. It also sets a deadline for you—when you must file your return if you want to collect any refund that's owed to you.

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Original Article Source Credits:   The Balance ,

Article Written By:  William Perez

Original Article Posted on:  February 24, 2021

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