>>The one saving grace was I wasn't Incorporated. As an individual, you
can be audited for CY+6,<<
Correct me if I am wrong, but I believe the audit period is 3 years,
unless there is a finding of gross over or under reporting of income
(defined as +/- 25%. And that determination must be made within the 3
year timeframe. Once found, the IRS can go back an additional 3 years.
All limitations are triggered from date of filing or payment, whichever
is later. If fraud or failure to file is found, the timeframe extends
back to Genesis 7. All records before that time are presumed to have
been lost in the flood.
Bill R
Bill Roach, CRM
Enterprise EDMS Coordinator
State of North Dakota
ITD/Records Management
701-328-3589
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