purirb123[at]yahoo.com wrote:

- quote -

Not by a long shot. The federal statute of limitations for
assessing additional tax, as Harlan and Tom said, is 3 years
from the date the return was filed. Your state may have
even longer. California's statute of limitations is 4 years
from the date of filing.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

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purirb123[at]yahoo.com wrote:

- quote -

Not by a long shot. As Tom and Harlan said, the IRS has 3
years from the date the return was filed to assess
additional tax. If you omitted more than 25% of your gross
income from the return, the statute is extended to six
years. If the IRS determines there as fraud involved, there
is no statute of limitations.

Your state may have a longer normal statute. California's
statute of limitations is 4 years from the date of filing.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professonal advice.

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purirb123[at]yahoo.com wrote:

- quote -

Not by a long shot. The federal statute of limitations for
assessing additional tax, as Harlan and Tom said, is 3 years
from the date the return was filed. Your state may have
even longer. California's statute of limitations is 4 years
from the date of filing.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

purirb123[at]yahoo.com wrote:

- quote -

Nope! If the 1120 was filed by March 15th of 2004, wait
three years after that date. And even then, although you
may chuck out supporting documentation, best to retain
copies of tax returns forever. Yes, forever.

ChEAr$,
Harlan Lunsford, EA n LA
Wed 23 Feb 2005

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"purirb123[at]yahoo.com" <purirb123[at]yahoo.com> wrote:

- quote -

The statute of limitations is 3 years from the filing date;
if the IRS is going to audit it will usually be in the
second year (i.e., 2005 for a 2003 return).

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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Since its been a year have not heard anything back against
our 1120 return for 2003 filed in 2004 so should assume IRS
done with 2003 and we are done with that year.

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