Skip to comments.IRS.GOV "If You File A Fraudulent Return, Keep Tax Records Indefinitely..." (
Posted on 07/08/2010 8:14:31 AM PDT by Robert A Cook PE
The following are the IRS official record retention requirements. Please remember to follow them explicitly when you file a fraudulent tax return; or if you forget to file a tax return, remember to file your records indefinitely.
"Note: Keep copies of your filed tax returns. They help in preparing future tax returns and making computations if you file an amended return.
1. You owe additional tax and situations (2), (3), and (4), below, do not apply to you; keep records for 3 years.
2. You do not report income that you should report, and it is more than 25% of the gross income shown on your return; keep records for 6 years.
3. You file a fraudulent return; keep records indefinitely.
4. You do not file a return; keep records indefinitely.
5. You file a claim for credit or refund* after you file your return; keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later.
6. You file a claim for a loss from worthless securities or bad debt deduction; keep records for 7 years.
7. Keep all employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.
Hmmm. I wonder if little Timmy G has all his records....Since he was 21 (Assuming Libtards too lazy to work before graduating college)
Buzz off, @$$****.
Don’t say stupid things about subjects you know little about, and you’ll never see me again.
Exactly ,,, doesn’t make sense to me either . You do get it .
Oddly, you never once actually demonstrated any error in my post. You’re just a boorish IRS defender who is a little too comfy cozy with abusing government agencies.
If you care to reply with any hope of changing my mind, as opposed to making me think you are a jerk. Quote my specific words you believe are in error, and make a case for why they are.
Otherwise, buzz off, because I’m not interested in dealing with trolls.
Oh, shut up. All you have demonstrated is that you have no clue about IRS legal procedure. When the time comes for you, get a lawyer. Please, for your own sake.
Can you even read?:
Quote my specific words you believe are in error, and make a case for why they are.
Otherwise, buzz off, Troll.
(And it's rapidly not becoming worth the time to explain it to you). This isn't "Judge Judy."
Some pencil pusher with a droll sense of humor must have made that change in the list of rules. Nobody’s yet spelled out any legal definition of “fraudulent” in this context, but I wouldn’t be surprised if it means something like an understatement of taxable income that the IRS believes was not an inadvertent mistake. Then, even if it’s been decades, the IRS can have you hauled into court to prove you did your tax return correctly after all, or at least that the incorrect return was an inadvertent mistake.
I keep returns and documentation all the way back to when I first filed them.
There are three federal statutes of limitations for civil tax audits: (1) 3 years from filing, normally; (2) 6 years from filing if you omit 25% or more of your gross income; or (3) no time limit at all if you never file a return, or if the IRS proves fraud by "clear & convincing" evidence.
The statute of limitaions for a criminal prosecution under the Internal Revenue Code is 6 years from the last criminal act.
I am a lawyer and I have actually litigated against the IRS in court.
The definition of "fraud" in tax law is, in essence, deliberately underpaying a tax you actually know that you owe. The courts have developed a list of "badges of fraud" that they will look at to determine if fraud has been proven; the list includes things like keeping two sets of books, asking people to pay your business in cash instead of by check, hiding your assets in names of nominees, manufacturing forged receipts to substantiate claimed deductions, and the like.
I was audited once in 1993 for my 1987 return , they claimed I owed them still for that year . It took three years and $1500.00 for an Attorney to prove that they still owed me a little less than $200.00 when I refiled . During the 3 yr. battle they kept all my returns as partial settlement and attempted to attach my earnings . In the end they refunded all money with held with some small interest but did not pay the additional $200.00 they owed when I refiled .
This was done during the Clintoon Admin. when he paid a bounty to IRS agents for researching past returns for more money owed to the IRS .
I won my challenge but lost money proving that they don’t know their @$$ from a hole in Al Gore’s face .
Your friggin’ “they will threaten me with a criminal prosecution” made-for-TV fantasy simply doesn’t happen.
Your comment that, “If you are accused of some kind of underpayment from long ago, and you tel the IRS you dont have the records, they allege fraud . . . .” is simply wrong. There’s no other way to put it.
What is your authority?
The 15 or 20 IRS attorneys that work at the Area Counsel’s office on Adams St. in downtown Chicago.
How do you get the taste of their shoe polish out of your mouth?
I simply happen to have a good mix of drinking buddies. Yesterday, one of them brought a portable VCR into the bar and we were watching a video of him landing a 747 with no nose gear. Too bad you weren't there . . . you could have tried to give him a lesson about aeronautics. That would have been fun.
Your pride in drinking with IRS agents may be the last word.
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