In a blog post, the National Taxpayer Advocate (NTA) reminds taxpayers that the IRS now holds that the date a taxpayer files an original tax return, not the later date of any superseding return, is “the return” that starts the clock running on various statutory limitation periods. A “superseding” return is one filed after a taxpayer has filed an original return and before the original return’s due date (including extensions). The NTA points out that once the statutory deadlines have passed for the IRS to assess a tax liability and for a taxpayer to claim a refund, the tax year is closed from both the IRS’s and taxpayer’s positions in most circumstances. Contact us for details. © 2021
20
Apr