I am all for everyone paying their just due however, I think that if they are going to continue going back further than 3 years under any circumstances then they should allow the refund to be used (on late filings) for these purposes even if they won't refund in cash.
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Supreme Court to decide IRS Audit Time Limits
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Read Koss' Post
Koss' post outlined
This will not be the norm - it is only for substantial under reporting
So for that I guess so - not sure-- I don't have a decision - I hope for my client's or for potential clients there is no "substantial under reporting" Guess we have to find out what those terms are and what that actually means
For the norm - No I do not want the 6 year rule if we don't have a 6 year rule to file for "delinquent" filings and obtain refunds.
Sandy
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Just to keep this alive and because I sometimes like stirring the pot, I wouldn't support the 6 year rule even IF it included refunds. The downside woud be much greater than the upside.Last edited by JohnH; 10-04-2011, 09:58 PM."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith
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Originally posted by Snaggletooth View PostExtending the SOL won't help anyone, not even IRS. If it were 10 years, they would at this juncture be auditing 2001 returns instead of 2008 returns. DCAA (Defense Contract Audit Agency) has no such SOL and contracts as old as 2003 and 2004 are still being held hostage to contractors. If DCAA had a SOL they would have to "give up" and allow contracts this old.
And whatever happened to the government exempting itself from the very laws they pass for the rest of us to pass? Those of you who believe extending the SOL for the IRS and not for the taxpayer should never complain about our Congress. They exempted children of congressmen and senators from having to pay back student loans. They exempted themselves from Obamacare before it ever got off the authors' table.
Extending the SOL? If you're going to do it, do it for taxpayers as well as IRS.
Originally posted by taxea View PostI am all for everyone paying their just due however, I think that if they are going to continue going back further than 3 years under any circumstances then they should allow the refund to be used (on late filings) for these purposes even if they won't refund in cash.
Originally posted by JohnH View PostJust to keep this alive and because I sometimes like stirring the pot, I wouldn't support the 6 year rule even IF it included refunds. The downside woud be much greater than the upside.
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