A Preparer’s Fraud Gives IRS More Leeway to Go After the Taxpayer: IRS has unlimited time to assess tax

Theresa FerroneBlog

A preparer’s fraud gives the IRS unlimited time to assess tax and penalties. The IRS has 3 years to make adjustments to your income tax return; however, the three- year statute of limitations doesn’t apply in this situation. Even though the tax preparer (not the tax payer) was responsible for issuing a fraudulent income tax return. The Tax Court addressed … Read More