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Irs statute of limitations refund Form: What You Should Know

IRS Statute of Limitations for Returns, Estimated Tax and Apr 30, 2023 — Generally, you must file a claim for a refund within three years from the date you filed your original tax return or two years from  the date you receive payment of the tax in which the refund is based.2 A tax liability is not  IRS Statute of Limitations for Audit Reports Mar 21, 2023 — Generally, you have three years from the date of submission or two years from the  payment date for your refund claim.3 Most years, tax returns will be IRS Statute of Limitations for Claims for Credit, Refund and Oct 20, 2023 — You, the person claiming the credit for which you are claimed as the taxpayer, may file a claim for the credit within one year after the return is due. IRS Statute of Limitations for Tax Periods Exceeding 3 Years Mar 22, 2023 — Generally, you have three years from the date of the original deadline to report, pay and remit payment of tax for a tax period that exceeds 3 tax years. IRS Statute of Limitations for Claims for Credit, Refunds and Oct 20, 2023 — You have three years from the date of submission of the tax return or one year from the payment date. IRS Statute of Limitations for Returns, Estimated Tax and Apr 30, 2023 — You do not have a four-year statute, but you may have to file the claim within 3 years. IRS Statute of Limitations for Audits and Tax Periods Exceeding 4 Years Mar 22, 2023 — This section establishes that filing a claim (see IRC section 6205(c) and IRC 6205(d)) does not, in and of itself, prevent you from requesting the Board of Examiners to review the IRS's failure to respond in a timely manner to a claim for refund. IRS Statute of Limitations for Returns and Estimated Tax Return (F) Sep 22, 2023 — An individual can file the return using any method and file it no later than December 31 of any year. IRS Statute of Limitations for Refund Claims (F) Sep 22, 2023 — An individual can file a claim for refund by using a method and filing it no later than December 31 of any year.

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FAQ - Irs statute of limitations refund

Does the IRS statute of limitations refund rule have a time limit on non-existing income?
There are three possibilities. 1 It did make money but didnt pay out and eventually went belly up. This isthe most likely possibility. In this scenario you lost money on aninvestment. You have a capital loss which is reported. Any loss not used inthe current year carries forward into perpetuity until it is used up. Its agood idea to finally sell that thing worth a ton of money a fine painting inthe attic your collection of Star Wars memorobilia this year so that youcan offset the gain with the loss. 2 It said it made money but it lied and didnt make any at all. It lied onits tax returns and told the IRS that you did. This is a less likelyscenario. In this one you do the same thing as recommended at 1 above ifyou are risk averse. If you enjoy taking risks you can amend the past threeyears to reclaim the refunds. The problem with this method is the IRS willreject your initial attempts and you will need one heck of a sturdy taxaccountant to fight it. Id use an EA or CPA with at least ten yearsexperience specifically in fighting the IRS in audit battles. In addition youget a capital loss this year which will again carry onwards until used up. 3 It never told the IRS it made money. It just told you. This is the leastlikely scenario. In this scenario the IRS will agree with your amendedreturns. Amend three years and take a capital loss going forward. Use a goodaccountant who is experienced in amended returns. I recommend an EA or CPAwith at least three years experience. This answer is not a substitute forprofessional tax advice. T...
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