Discussion:Refund from levy - statute of limitations
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Revision as of 23:14, 30 July 2009
Discussion Forum Index --> Basic Tax Questions --> Refund from levy - statute of limitations
Discussion Forum Index --> Tax Questions --> Refund from levy - statute of limitations
| 30 July 2009 | |
| Client lived and worked overseas for a US company from 1998 - 2006. Paid taxes abroad at a higher rate than that of the US, qualifies for earned income exclusion or can claim credit for foreign taxes paid if returns are filed. No tax liability will exist if returns are filed. Client never filed returns. IRS filed substitute returns 10/31/05 for all years. Client was not aware of this. On 9/5/06 IRS levied bank accounts to recover very substantial amounts of tax from client.
Am I correct in saying the statute of limitations does not apply here and the client can file for reconsideration of the return. What about the amount levied from the bank accounts, does the 2 year statute apply here? | |
