QUESTION
Is there a statute of limitations for asking for payment?
Asked on Jun 15th, 2012 on Taxation - Michigan
More details to this question:
I have a business and just received a letter they found a tax bill they are saying I didn't pay 26 years ago for $1043 and now with penalties its $5967.72. Is there a statue of limitations for asking for payment.
3 ANSWERS
Trust Attorney serving Cincinnati, OH
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Paul A. Nidich Attorney at Law
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Yes there is, several, actually. Which statute of limitation's law applies to your situation will likely require you to see a tax attorney. For example, does this relate to a tax shelter? Is this a state or federal tax liability. There are too little facts to be able to answer your question. Find a tax attorney to discuss this with.
Answered on Jun 25th, 2012 at 5:58 PM
Tax Attorney serving Portland, OR
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Bullivant Houser Bailey PC
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If a return was filed, there was no fraud, and no extension of the statute of limitations, the federal statute of limitations is three or six years (depending whether there was a substantial omission or negligence).
Answered on Jun 25th, 2012 at 5:57 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Generally yes, and 26 years is well beyond not of them.
Answered on Jun 25th, 2012 at 5:55 PM