If Someone Has Not Payed Income Tax For Many Years, How Far Can The Irs Go Back To Determine What You Owe

[Toren]

I have been told they can go back 7 years and then also that the laws changed and now they can only go back for 3 years. Also if an individual files bankruptcy can back taxes be incorporated?

[dusan]

Bankruptcy cannot be used for Taxes......Tax is exempt from Court Discharge as are Student Loans...The IRS can go back 3 years basic: However, if "Fraud and or deceit" are grounds..They can go back as far as they desire especially if a "FALSE BANKRUPTCY" IS PART AND PARTIAL, which would be lying to a Court and submitting false documents.Blessings..........Annlee

[Akim]

Annlee said: 1 Bankruptcy cannot be used for Taxes......Tax is exempt from Court Discharge as are Student Loans...The IRS can go back 3 years basic: However, if "Fraud and or deceit" are grounds..They can go back as far as they desire especially if a "FALSE BANKRUPTCY" IS PART AND PARTIAL, which would be lying to a Court and submitting false documents.Blessings..........Annlee 52 months ago

[Sanford]

No, banruptcy will generally not relieve you of the obligation to pay taxes, interest and penalties. As for not filing, and the IRS?s ability to prosecute tax non-filers, they can...   This information is from a phone conversation on 28 Sep 2009, 17:38 with an IRS agent...   If you have filed, and given fraudulent information, or you haven?t ever filed... There is no statute of limitations.  They can come after you at any time.  You can find this information at www.irs.gov - look on page 17 of publication 17.   The best thing you can do is "man up" and comntact the IRS at 800.829.1040 and start working with them to get your case fixed, even if it means facing the music.   Personally, I?d rather screw over the mob than the IRS - they always catch up, and when they do, it?s not a pretty sight.    BTW, the agent wanted me to also inform you that this information only applied to federal income tax; the state and local department of revenue also need to be addressed.   Schelli's Recommendations Income Tax Fundamentals 2009(with TaxCut Tax CD-ROM) Amazon List Price: $136.95 Used from: $76.89 Average Customer Rating: 5.0 out of 5(based on 5 reviews) J.K. Lasser's Your Income Tax 2009: For Preparing Your 2008 Tax Return Amazon List Price: $18.95 Used from: $6.98 Average Customer Rating: 4.5 out of 5(based on 13 reviews) Federal Income Tax: Code and Regulations--Selected Sections(2008-2009) Amazon List Price: $71.50 Used from: $15.52 Average Customer Rating: 4.5 out of 5(based on 2 reviews) Schelli 52 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Frannsaidh]

You need a good tax lawyer and accountant Who will be able to negotiate on your behalf. NEVER try to take them on yourself.  Make sure your financial records are as accurate they can be, in terms of receipts and so on, and have a tax record prepared, basically a spreadsheet with all of the receipts listed in the correct categories, and the   This is something every one should do so that if they ever get audited, once you hand this to your lawyer to show them, they will usually think you are on top of things and not waste their time poking and prodding. It is the people who look like they have something to hide that they really go after.   Back taxes would most likely not be included, and in any event, bankruptcy is not a parachute.   In other words, you still have to pay something determined by the court and disbursed to a trustee every month for the duration of the amount you are obliged to settle for. Any debts owed at least 3 months prior to the bankruptcy would also have to be settled in full, so this is a long and difficult path with no fast fix.   A person in this situation did not get into trouble overnight, so they would certainly not be able to bounce out of it quickly.   I learned how to be better at business records and taxes from http://www.drewmiles.com/. Normally they go back as far as allowable to see how much money they can find in missed deductions when you first start working with them, and they teach you chapter and verse of the tax code that you need to support the deduction. In this case, however, you are indicating no tax has been paid, so this is a much more serious situation.   Good luck!           wildaboutbooks44's Recommendations How to File for Chapter 7 Bankruptcy Amazon List Price: $39.99 Average Customer Rating: 4.5 out of 5(based on 70 reviews) The New Bankruptcy: Will It Work for You? Amazon List Price: $24.99 Used from: $16.91 Average Customer Rating: 4.5 out of 5(based on 9 reviews) Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time Amazon List Price: $39.99 Used from: $21.46 Average Customer Rating: 5.0 out of 5(based on 6 reviews) 2009 U.S. Bankruptcy Code & Rules Booklet Amazon List Price: $25.00 Used from: $16.88 Average Customer Rating: 3.5 out of 5(based on 3 reviews) Personal Bankruptcy Laws For Dummies(For Dummies(Business & Personal Finance)) Amazon List Price: $19.99 Used from: $8.17 Average Customer Rating: 4.0 out of 5(based on 2 reviews) Dealing with a large tax bill: having trouble paying the IRS? Consider these options.(Internal Revenue Service): An article from: Black Enterprise Amazon List Price: $9.95 How You Can Use Inflation to Beat the IRS: All the Legal Ways to Keep Your Money for Yourself and Your Family-- Without Getting in Trouble with the IR Used from: $20.63 And believe it or not, the IRS.gov site is quite helpful for people. wildaboutbooks44 52 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Frederick]

The 7 year rule is for non-criminal actions.  If you accidently transposed numbers on a return 10 years ago, the IRS will probably let that go. But if you plain refused to file a return, that is a criminal offense, and they can come after you for everything you owe for those years, no matter how long ago it was, plus penalties and interest. You need a good attorney that can negotiate some of the interest and penalties down.  I don't think declaring bankruptcy will help either.  They will just wait for you to get back on your feet and garnish your new wages.  

[yates]

Who will be able to negotiate on your behalf. NEVER try to take them on yourself.  Make sure your financial records are as accurate they can be, in terms of receipts and so on, and have a tax record prepared, basically a spreadsheet with all of the receipts listed in the correct categories, and the   This is something every one should do so that if they ever get audited, once you hand this to your lawyer to show them, they will usually think you are on top of things and not waste their time poking and prodding. It is the people who look like they have something to hide that they really go after.   Back taxes would most likely not be included, and in any event, bankruptcy is not a parachute.   In other words, you still have to pay something determined by the court and disbursed to a trustee every month for the duration of the amount you are obliged to settle for. Any debts owed at least 3 months prior to the bankruptcy would also have to be settled in full, so this is a long and difficult path with no fast fix.   A person in this situation did not get into trouble overnight, so they would certainly not be able to bounce out of it quickly.   I learned how to be better at business records and taxes from http://www.drewmiles.com/. Normally they go back as far as allowable to see how much money they can find in missed deductions when you first start working with them, and they teach you chapter and verse of the tax code that you need to support the deduction. In this case, however, you are indicating no tax has been paid, so this is a much more serious situation.   Good luck!        

[Rhyd]

As for not filing, and the IRS?s ability to prosecute tax non-filers, they can...   This information is from a phone conversation on 28 Sep 2009, 17:38 with an IRS agent...   If you have filed, and given fraudulent information, or you haven?t ever filed... There is no statute of limitations.  They can come after you at any time.  You can find this information at www.irs.gov - look on page 17 of publication 17.   The best thing you can do is "man up" and comntact the IRS at 800.829.1040 and start working with them to get your case fixed, even if it means facing the music.   Personally, I?d rather screw over the mob than the IRS - they always catch up, and when they do, it?s not a pretty sight.    BTW, the agent wanted me to also inform you that this information only applied to federal income tax; the state and local department of revenue also need to be addressed.

[Skeggr]

forget about the back taxes being included in the bankruptcy. get a lawyer and negotiate. the irs will go back only 3 years, unless there is evidence of wrongdoing then it is 6 0r 7 years back.  horrorfan 52 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Maximiliano]

the irs will go back only 3 years, unless there is evidence of wrongdoing then it is 6 0r 7 years back.