What is the statute of limitations on IRS audits?

Many adults in Texas must file their taxes each year. With that in mind, something that many taxpayers are fearful of is getting audited. Considering that, it’s important to know that the IRS only has a limited amount of time to audit a tax return. Here’s more information about the statute of limitations on IRS audits.

How long does the IRS have to audit a tax return?

Generally, the IRS has three years to audit a tax return. This deadline doesn’t begin until Tax Day, which is April 15th unless the IRS states otherwise. Even if you file your taxes early, it won’t change when the statute of limitations begin.

If you request an extension to file your taxes, your deadline will begin on your filing date. Getting an extension for July 2021 to file your taxes would give the IRS until July 2024 to audit your tax return.

What to do if you’re getting audited

Understandably, finding out that you’re potentially getting audited by the IRS is a stressful time. Considering the stress and seriousness of this situation, it’s wise to contact an attorney with experience in IRS audit defense and appeals.

By hiring an attorney, you’ll have someone on your side that understands the complexity of defending their clients against the IRS. Making this decision could also help prevent you from facing jail time for unpaid taxes.

To summarize, it’s understandable to wonder about the statute of limitations for auditing a tax return. The IRS has three years to audit your tax return. With that said, certain situations can extend this three-year deadline. To potentially get the help you need resolving this situation, contact an IRS audit defense attorney right away.