Source: https://rampacpa.com/tax-payer-bill-of-rights-part-ix/
Timestamp: 2018-08-15 01:37:02
Document Index: 651734895

Matched Legal Cases: ['§ 6501', '§ 6502', '§ 6511', '§ 6402', '§ 7481', '§ 7605']

Taxpayer Bill of Rights (Part IX) - Ruth Ann Michnay, P.A.
Taxpayer Bill of Rights (Part IX)
Bill of Right #6: The Right to Finality (cont.)
The IRS generally has three years from the date your return was filed to assess the tax. There are some limited exceptions to the 3-year rule, such as not filing a return or filing a fraudulent return. IRC § 6501
I The IRS generally has ten years from the assessment date to collect unpaid taxes from you. However, there are a number of circumstances where the ten year collection period may be suspended, such as during the period when the IRS cannot collect, e.g., bankruptcy or a collection due process proceeding, or an offer in compromise is pending. IRC § 6502
If you believe you have overpaid your taxes, you can file a refund claim asking for the money back. Generally, you must file a refund claim within 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later. IRC § 6511
See also IRC § 6402: Administrative claim for refund under the Right to Pay No More than the correct amount of tax.
If you or the IRS does not file a timely appeal, the decision of the U.S. Tax Court is final. IRC § 7481
Generally, you will only be subject to one examination per taxable year. However, the IRS may reopen a taxable year that has been previously examined if the IRS finds it necessary (e.g., there is evidence of fraud). IRC § 7605(b)
(IRS NTA web site) (TTT 6/19/18)
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