[pencilneck]

I stand corrected. For most practical purposes there are 3 and 6 year statutes of limitations. 3 Years for general audits, 6 if they suspect fraud, and another statute of limitations at 10 years for something else that I don’t quite understand.

Yes, I come to this board to publicly display my ignorance. I’m learning a lot though. Thanks all!

[pencilneck]

I stand corrected. For most practical purposes there are 3 and 6 year statutes of limitations. 3 Years for general audits, 6 if they suspect fraud, and another statute of limitations at 10 years for something else that I don’t quite understand.

Yes, I come to this board to publicly display my ignorance. I’m learning a lot though. Thanks all!

[pencilneck]

I stand corrected. For most practical purposes there are 3 and 6 year statutes of limitations. 3 Years for general audits, 6 if they suspect fraud, and another statute of limitations at 10 years for something else that I don’t quite understand.

Yes, I come to this board to publicly display my ignorance. I’m learning a lot though. Thanks all!

[pencilneck]

I stand corrected. For most practical purposes there are 3 and 6 year statutes of limitations. 3 Years for general audits, 6 if they suspect fraud, and another statute of limitations at 10 years for something else that I don’t quite understand.

Yes, I come to this board to publicly display my ignorance. I’m learning a lot though. Thanks all!

[pencilneck]

I don’t believe there is a statute of limitations on federal tax violations. If the IRS ever does decide you made an illegal deduction they can go back as far as they want.

Who is currently being caught may be irrelevant.

[pencilneck]

I don’t believe there is a statute of limitations on federal tax violations. If the IRS ever does decide you made an illegal deduction they can go back as far as they want.

Who is currently being caught may be irrelevant.

[pencilneck]

I don’t believe there is a statute of limitations on federal tax violations. If the IRS ever does decide you made an illegal deduction they can go back as far as they want.

Who is currently being caught may be irrelevant.

[pencilneck]

I don’t believe there is a statute of limitations on federal tax violations. If the IRS ever does decide you made an illegal deduction they can go back as far as they want.

Who is currently being caught may be irrelevant.

[pencilneck]

I don’t believe there is a statute of limitations on federal tax violations. If the IRS ever does decide you made an illegal deduction they can go back as far as they want.

Who is currently being caught may be irrelevant.

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[Author]

Posts