statute of limitations for federal tax refund
The statute of limitations defines the time period during which a refund claim may be filed, an assessment may be. initiated, or a collection activity may occur. The statute of limitations varies by tax type. The income tax and wage. withholding statute of limitations are primarily based on the federal statute of limitations while the statute of limitations. for other taxes is defined solely in Colorado law. The statute of limitations begins running when a tax return is filed.