Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-11-2014, 11:44 PM
Junior Member
 
Join Date: Apr 2014
Posts: 2
new law

i just heard that the 2011 farm bill had a clause snuck into it that removed the ten year statute of limitations for the IRS to collect back taxes . Back in 1990 I had an audit that the IRS failed to get me to sign the limitation line on .Once it ran out while they were going over things they told me because of the statute of limitations I no longer owed the money .SO , can they now come after me again for the 1990 taxes ? ? Second part is I was put on a non collectible for now status on some other taxes the statute is has run out on a year and will run out next year on the second . Is that all gone now ? I will owe these taxes for ever ? How can they do this under the table ?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-13-2014, 01:47 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,236
Quote:
Originally Posted by eagles View Post
i just heard that the 2011 farm bill had a clause snuck into it that removed the ten year statute of limitations for the IRS to collect back taxes . Back in 1990 I had an audit that the IRS failed to get me to sign the limitation line on .Once it ran out while they were going over things they told me because of the statute of limitations I no longer owed the money .SO , can they now come after me again for the 1990 taxes ? ? Second part is I was put on a non collectible for now status on some other taxes the statute is has run out on a year and will run out next year on the second . Is that all gone now ? I will owe these taxes for ever ? How can they do this under the table ?
I heard today on TV that in the 2011 Farm Bill , a sentence was added that remjoved the ten year limitation on income tax . I tried to post in another section but not sure I did .Anyway . if I had old tax bills that the statute of limitations ran out on in 1990 and which at the time they told me had run out Can they all of a sudden come after me again for those taxes ?===============>>>>>>>>>>>>>>>>>>>>it depends;aslongas the sol is still open, IRS has to send a mildly worded payment reminder notice once a year. If you do not received one, the statute has expired; the penalties and interests are usually added into unpaid taxes. It is unusual that IRS did not file a tax lien or tax levy towards the tax debt.so you might be past the SOL but there are things that can reset the clock, and you might or might not know when the clock really started. If the amount is small, the IRS might just not have bothered, but if it was a large amount, would be unusual for them not to have pursued it.
If I am very close to having another year run out they currently have me as currently noncollectable on , will I now owe these taxes for ever ?===============>>>>>>>>>>>hard to tell; it is up to them as mentioned above



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning