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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThere is no statute of limitations if IRS determines taxpayer has filed a fraudulent return.
"It is also important to note that no deadline applies where the IRS can establish that a taxpayer has: 1) filed a false or fraudulent return; 2) willfully attempted to evade tax; or 3) failed to file a return. Unlike the circumstances above where tax returns are filed (even with errors), these are cases in which a taxpayer is willfully or intentionally not filing taxes or is filing fraudulent return(s). Not only will there be no time limit on IRS action against such taxpayers, but heightened interest fees and penalties will apply.
Worse yet, tax fraud and evasion are criminal violations and offenders face the prospect of fines and jail time if the government seeks to prosecute them for the offenses....."
https://tax.findlaw.com/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html
A HERETIC I AM
(24,369 posts)lunatica
(53,410 posts)Maybe its a knee jerk reaction to be nice in reaction to Trumps mockery.
Kaleva
(36,307 posts)A HERETIC I AM
(24,369 posts)You aren't alone!
BigmanPigman
(51,607 posts)there is a 3-6 year window for certain charges. Also, they have to prove the "intent" which can get tricky as far as attorneys and financial advisors go for something this complicated and has been going on for so long.
Kaleva
(36,307 posts)There is no time limit if the IRS can establish that.
dweller
(23,640 posts)take the fraudster to the cleaners
triron
(22,006 posts)RainCaster
(10,879 posts)Given how few reprieve opportunities there are for tax cheats, my hope is "NO".
3Hotdogs
(12,384 posts)Kaleva
(36,307 posts)roamer65
(36,745 posts)If he goes for a Russian loan...BOOM.
Grasswire2
(13,571 posts)Kaleva
(36,307 posts)Grasswire2
(13,571 posts)"sweep it all up"