Generally, when it comes to civil matters, state and Federal law includes various “statutes of limitations” and “discovery rules.” The statute of limitations rules say that a claim has to be filed within a certain time period. The discovery rules say that the time period for the statute starts to run when the claim is……
Tag: Amended Tax Returns
Fixing Tax Returns: The Qualified Amended Return
There has been quite a bit of talk about the IRS budget increase and its plans to hire an army of IRS agents. Given this news, those who have filed incorrect tax returns may be wondering if they should go back and file amended tax returns. This often depends on whether the time period for……
Common Law Mailbox Rule Fails (Again)
In legal disputes, there are times when parties make representations that are not true. That includes the IRS and its auditors and attorneys. If the taxpayer is lucky, they will have direct evidence that shows that the representation is false. There are situations where the law does not allow that evidence to be considered. There……
Enough is Enough, But An Amended Tax Return is Not
The process for reporting taxes can be more difficult than discerning whether a tax provision applies. This complexity stems from the level of information is required to be reported. The IRS reporting requirements continue increase every year. The IRS’s decision to require partnership tax capital accounts is an example. Why is that information required and……