Statute of Limitations for Tax RefundsThe statute of limitations for claims of refunds is the later of 3 years from the due date of the return or within 2 years after the taxes are paid.To claim a refund, taxpayers are required to file a valid refund claim by filing Form 1040X, Amended...
15 Year Statute of Limitation for Refund Claims on Taxes Collected Based on Mistaken FactSummer Yu理律法律事务所理律法律杂志(英文)
statute of limitations n.pl.statutes of limitations A legal restriction, as by law or court decision, on the time that is allowed to elapse between the arising of a legal claim and the filing of a suit based on such legal claim.
A statute of limitations is sometimes controversial due to cases where legal action cannot be brought against an offender because the maximum length of time has elapsed. However, proponents of a statute of limitations argue that, for practical reasons, it is most equitable to limit the initiation ...
Noun1.statute of limitations- a statute prescribing the time period during which legal action can be taken law- legal document setting forth rules governing a particular kind of activity; "there is a law against kidnapping" law,jurisprudence- the collection of rules imposed by authority; "civiliza...
Mitigation of the SOL on refund claims. (statute of limitations)Hudson, Boyd D
He then explores the possibility that the intricacies of the Internal Revenue Code my allow a claim of refund, based on a "net operating loss" (NOL) to be carried back beyond the conventional statute of limitations period. After exploring the specific rules governing NOL refund claims, the ...