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Statute of Limitations -Under Reported Income

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    #1

    Statute of Limitations -Under Reported Income

    I believe the statute of limitations is extended when the gross income is understated by 25%. Anybody know how many years it is extended?
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    #2
    When there is substantial understatement, the statute of limitations runs for six years instead of for three years.

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      #3
      And "fraud"

      Has an unlimited SOL.

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