96% Average Client Savings
Home » Tax Relief Blog

Despite statute of limitation laws, you may still need IRS tax lawyers

Submitted by admin on Wed, 5/27/2015 - 9:37 am

There’s no reason to be ashamed, we’ve all done it. What am I talking about? I’m talking about putting things off. All of us, at one time or another, have decided to “back-burner” a project or two. Even with taxes we’ve done it…or a least we’ve wanted to. It’s really amazing how quickly April 15th comes every year. Some of us just bite the bullet and get it done, whereas the other group of us throw up our hands and put it off until the next year.

Limitation Laws

Unfortunately, the group of us that throw our hands up in the air and put it off until next year, do that for a few years in a row. And that’s when things get a little more complicated. Although complicated, it’s still not as bad as you might be anticipating, there is a way to get your affairs straight. Even if you’re in the unbecoming position of having held back some cash from the eyes of the IRS, there’s still a fairly painless way out.

According to Forbes magazine there is a bit of a loophole/statute of limitations in regards to your evaded taxes. Depending on your situation and a number of variables the IRS has a three to six year period to audit you. As far as testing that statute goes, I wouldn’t recommend it, as once the IRS starts watching, it takes quite a bit for them to look away.

For example, in United States v. Irby, the court held the six-year statute began to run on the last act of evasion. Mr. Irby used nominee trusts to conceal his assets many years after he failed to file. He may have thought he only had to worry for six years, but his use of nominee accounts delayed when his six years commenced. That meant he could still be indicted, prosecuted and convicted.

Luckily, there are companies like Tax Tiger full of IRS tax lawyers that can help you stand up to the IRS and get you back into good graces. When looking for a reputable tax attorney in Denver that can guide you through the IRS tax garnishment help, give Tax Tiger a call.

Source: How Far Back Can IRS Claim Tax Evasion – May 18th 2015 – Forbes.com