4 ms·

A question I have not seen but think is critical; How can the IRS go after anyone for taxes owed between 10 and 20 years ago? Is there no statute of limitatio

by cdolan 3y ago

A question I have not seen but think is critical; How can the IRS go after anyone for taxes owed between 10 and 20 years ago? Is there no statute of limitations?

TheChaplain 3y ago
IMHO it doesn't make it a less of a crime if it happened 10+ years ago. Tax fraud is robbing society, and no matter who they are, everyone should pay a fair share if they wish to participate with said society.
- manuelmoreale 3y ago
  Especially considering the amounts involved. Going after an individual because they made a mistake in their taxes 20 years ago is one thing. Going after one of the biggest company in the world because they have 29B to give it’s another.
- kuchenbecker 3y ago
  But there are statutes of limitations; evidence for your defense may have so far degraded or been unavailable.
- pests 3y ago
  Taxes don't pay for society though. It's not like we raise taxes, use it to pay for society, and repeat. We decide to pay for it, do it, and maybe recoup some of the costs. That is why we have a deficit right? Microsoft not paying $30B did not cause society to lose out on $30B. That $30B got spent a long time ago. Now it will just sit contributing a little to the 11th digit of the national deficit.
  - Already__Taken 3y ago
    no? Powerful collection means creditors think the US will pay it debts. This is why Greece collapsed, the EU gave them lists of people to chace for tax and they didn't. So why help when shit hits the fan.
seanhunter 3y ago
Generally the limitation on back taxes is 10 years according to this source[1], but there is no limitation in the case of filing a fraudulent or false return or willfully attempting to evade tax. [2] is the official source. I dug around a bit and it looks like it is the same for businesses as individuals although I haven't got a source that says that crisply. [1] https://www.findlaw.com/tax/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html https://www.findlaw.com/tax/tax-problems-audits/what-is-the-.... [2] https://www.irs.gov/filing/statutes-of-limitations-for-assessing-collecting-and-refunding-tax https://www.irs.gov/filing/statutes-of-limitations-for-asses...

by cdolan 3y ago

A question I have not seen but think is critical; How can the IRS go after anyone for taxes owed between 10 and 20 years ago? Is there no statute of limitations?

TheChaplain 3y ago

IMHO it doesn't make it a less of a crime if it happened 10+ years ago. Tax fraud is robbing society, and no matter who they are, everyone should pay a fair share if they wish to participate with said society.

manuelmoreale 3y ago
Especially considering the amounts involved. Going after an individual because they made a mistake in their taxes 20 years ago is one thing. Going after one of the biggest company in the world because they have 29B to give it’s another.
kuchenbecker 3y ago
But there are statutes of limitations; evidence for your defense may have so far degraded or been unavailable.
pests 3y ago
Taxes don't pay for society though. It's not like we raise taxes, use it to pay for society, and repeat. We decide to pay for it, do it, and maybe recoup some of the costs. That is why we have a deficit right? Microsoft not paying $30B did not cause society to lose out on $30B. That $30B got spent a long time ago. Now it will just sit contributing a little to the 11th digit of the national deficit.
- Already__Taken 3y ago
  no? Powerful collection means creditors think the US will pay it debts. This is why Greece collapsed, the EU gave them lists of people to chace for tax and they didn't. So why help when shit hits the fan.

seanhunter 3y ago

Generally the limitation on back taxes is 10 years according to this source[1], but there is no limitation in the case of filing a fraudulent or false return or willfully attempting to evade tax. [2] is the official source. I dug around a bit and it looks like it is the same for businesses as individuals although I haven't got a source that says that crisply. [1] https://www.findlaw.com/tax/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html https://www.findlaw.com/tax/tax-problems-audits/what-is-the-.... [2] https://www.irs.gov/filing/statutes-of-limitations-for-assessing-collecting-and-refunding-tax https://www.irs.gov/filing/statutes-of-limitations-for-asses...