Contact Us Now

11353 REED HARTMAN HIGHWAY
SUITE 300

CINCINNATI , OH 45241
PHONE: 513-412-3483
FAX: 513-412-3482

 
 
 

OUR FAMILY OF
STRATEGIC TAX SERVICES

News

November 1, 2018

Manashi, T.C. Memo. 2018-106: Income omission triggers 6-year limitation period

 

Journal of Accountancy
Six-year Limitation Applies

By Charles J. Reichert, CPA

The Tax Court held that the six-year statute of limitation applied to three years of tax returns of a married couple, due to their omission of more than 25% of their reported gross income in each of those years. According to the court, the taxpayers did not adequately disclose the omitted income on their tax returns for the three years to avoid the application of the six-year limitation period. Read the full memo.

 
Back to Top