Regarding the statute of limitations, what if the understatement of gross is less than 25% of gross

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Regarding the statute of limitations, what if the understatement of gross is less than 25% of gross income but the IRS determines the understatement is fraudulent. Would that effect the time before the SL would run and therefore the disclosure required under ASC 740?

Posted Date: Nov 11, 2021 12:52 AM

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Regarding the statute of limitations, what if the understatement of gross is less than 25% of gross

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The overarching federal tax statute of limitations runs three years after you file y... View the full answer

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