No Statute of Limitations If You Don’t File A Return

The statute of limitations for any given tax year does NOT start if you don’t file a tax return. This means that the IRS can assess taxes and even file criminal charges related to unfiled returns regardless of how long ago they were due.

Failure to File or Filing a False Return: Failing to file a tax return or filing a false, fraudulent return with the intent to evade taxes will NOT stop the statute of limitations from running. In other words, there is no time limit for the IRS; they can assess additional taxes, penalties and even file criminal actions against you, at any time without limitation.

Omission of More Than 25% of Income: If you underreport your income by more than 25%, the statute of limitations is extended to 6 years.

File Your Return On Time: The statute of limitations is 3 years from the date the return was filed or due (whichever is later) as long as there was no intentional underreporting.

It’s important to note that statutes of limitations can be complex and may vary depending on specific circumstances and changes in laws. Always consult with a legal professional or tax advisor to get the most accurate and up-to-date information regarding statutes of limitations on tax fraud.