to clarify last post
To clarify my last blog, nobody goes to jail when they voluntarily file past due tax return.
Although the statute of limitations does not run on a non-filed tax return,
the IRS will generally not look beyond 6 years when the returns are filed.
My main point is that clients do not have to be concerned if they file late and do it willfully and in good faith with the intent to file an accurate return.
Contact me if you have any questions about late filers.
Labels: later filer strategy
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