Is There an Exception to the IRS Statutes of Limitations Rule?

The Internal Revenue Service (IRS) has statutes of limitations in place to limit the amount of time that a taxpayer has to file a tax return. Generally speaking, you have three years from the due date of your tax return to file it. 

However, there are some exceptions to this rule. Read on to learn more about what can be done if you’re facing a situation where you need to file a tax return beyond this three-year timeframe.

You will also learn who to call and when if you need professional, qualified legal counsel regarding IRS matters in Florida.

Exceptions to the Rule

The IRS may grant exceptions to the three-year statute of limitations in certain situations. One of these exceptions is when the taxpayer is not aware that they owe taxes. If the taxpayer can prove that they were unaware of the tax liability, then the IRS may extend the period to six years.

Another exception is for those who have filed a fraudulent return. In this case, no time limit applies, and the taxpayer can be liable for taxes at any point in time. Additionally, there are certain exceptions for taxpayers who have filed an amended return, taxpayers who are unable to manage their financial affairs due to physical or mental disability, and those who are serving in the military. 

It is important to note that even if an exception applies, the taxpayer still must take action to ensure that their taxes are paid within a reasonable period of time. Failing to do so can result in penalties or other legal actions.

Why Hire an Attorney?

It is always recommended that taxpayers seek the assistance of a tax attorney when dealing with an IRS statute of limitations issue. An experienced attorney can help guide the taxpayer through the process and ensure that their rights are protected. 

A lawyer can also help in ensuring that all relevant facts and evidence are taken into consideration during the determination process. 

Additionally, an attorney can help the taxpayer if they face any penalties or other legal action due to not filing a return within the required timeframe.

When you enlist the expertise of an experienced tax attorney like Mary King, you can be sure that your case will be in good hands. Mary King has years of experience dealing with IRS issues, and she is committed to helping her clients get the best results possible. Contact her law offices today to learn more about how she can help with your situation.

Understanding IRS Statute of Limitations in Florida

The IRS Statute of Limitations can be a confusing topic for many taxpayers. In the state of Florida, there are certain deadlines that must be met in order to avoid having any unpaid taxes become subject to assessment and collection by the IRS. It is important to understand these limits so you can protect yourself from potential penalties or legal action. With this section, you will learn about the Statute of Limitations in Florida and how to best prepare for it. Get informed now and make sure you understand IRS Statute of Limitations in Florida before filing your taxes.

What Are the Statute of Limitations in Florida?

The Statute of Limitations is the maximum time period set by law before which any unpaid tax must be assessed and collected. In the state of Florida, this limit is three years from the due date or when a valid return was filed, whichever took place last. Once these deadlines have passed, no assessment or collection can be enforced.

What Are the Effects of the Statute of Limitations?

Once the Statute of Limitations in Florida has taken effect, any unpaid taxes will not be assessed or collected by the IRS. This means that any penalties associated with those taxes will no longer apply, and you will not face legal action because of them. However, it is important to note that the Statute of Limitations does not erase debt or forgive any unpaid taxes.

How Can You Prepare for the Statute of Limitations?

The best way to prepare for the Statute of Limitations in Florida is to make sure that you are up-to-date with all your tax filings and payments. If you are unable to pay your taxes in full, contact the IRS as soon as possible to discuss payment options. 

Additionally, if you feel that the Statute of Limitations has already taken effect on any unpaid taxes, consult a tax professional who can help you understand the process and best prepare for it.

By understanding the Statute of Limitations in Florida, you can take steps to protect yourself against potential penalties or legal action. Make sure you stay informed and familiarize yourself with the rules before filing your taxes. With this knowledge, you can make sure that any unpaid taxes that are subject to the Statute of Limitations are handled correctly and efficiently. 

Take the time to understand the Statute of Limitations in Florida, and you will be well-prepared for tax season.  With this information at your fingertips, you can make sure that all your taxes are filed in a timely manner and paid according to IRS rules. 

Familiarizing yourself with the Statute of Limitations is the best way to protect yourself from potential penalties or legal action. Don't wait until tax season to begin understanding your rights—get informed today by calling The Law Offices of Mary King.

Call The Law Offices of Mary King for All Your IRS Concerns

Do you have questions about the Statute of Limitations in Florida? The experienced and knowledgeable team at The Law Offices of Mary King has the answers. We specialize in providing personalized legal services to ensure that your IRS matters are addressed quickly and accurately. 

Whether you wish to schedule a consultation or have any other questions about the Statute of Limitations in Florida, contact us today. Allow us to provide you with the peace of mind that comes from knowing your concerns are in reliable hands.

Phone: 941-906-7585

The information in this blog post is for reference only and not legal advice. As such, you should not decide whether to contact a lawyer based on the information in this blog post. Moreover, there is no lawyer-client relationship resulting from this blog post, nor should any such relationship be implied. If you need legal counsel, please consult a lawyer licensed to practice in your jurisdiction.