I thought the statute was seven years...
used to be 7 years, now it’s 3
I’m appalled at Mitt Romney. What smarmy behavior. So sorry I voted for him.
He should know better than most the complexity of a successful businessman’s tax filings. AND how lethal innuendo can be. I can’t even think of Romney now without wanting to take a shower to get the yukk off.
They say you should keep records for 10 years. Supposedly the IRS has 3 years to catch a mistake. But I have a feeling they can justify doing whatever the hell they want.
There is no statute of limitations concerning tax evaluation.