I’m trying to understand the IRS audit timeline. Could you please explain how many years back the IRS is allowed to audit my tax returns? Also, are there any circumstances where this period can be extended? Thanks!
The IRS can audit your tax returns for up to three years under normal circumstances. However, if they find substantial errors, they can go back six years. In cases of fraud or unfiled returns, there's no time limit for an audit.
The IRS can typically audit your tax returns up to three years after filing. However, if there’s significant underreporting (over 25% income), audits can go back six years. In cases of fraud or no return filed, there’s no time limit, allowing indefinite audits.
The IRS can generally audit your tax returns for up to three years from the date you filed. However, if they find significant errors or unreported income over 25% of your total income, the limit extends to six years. In cases of fraud, there’s no time limit.