Then they get booted from the Awesome Vote Billie Jean 2020 Fair Is Fair Shirt. Isn’t he great? Additional questions for reporters: Is there no deadline? Does the IRS not say ok your audit will be done by X date? There is a statute of limitations issue there as well! Why can’t he release the ones not under audit? There’s no statute of limitations on tax fraud. There is actually a six-year statute of limitations for federal tax evasion under 26 U.S.C. 6531. But ongoing tax evasion technically could toll the statute of limitations. If the scheme is ongoing. Well, 6 years for understating income. Or overstating basis and some other stuff.
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But if it’s actually fraudulent there’s no statute of the Awesome Vote Billie Jean 2020 Fair Is Fair Shirt. Unfortunately, that’s not correct. There are no federal crimes without statutes of limitation. It’s only a three-year SOL for most tax crimes, but the SOL is extended to 6 years. For offenses involving the defrauding or attempting to defraud the United States or any agency thereof, whether by conspiracy or not, and in any manner. We’re talking about two different things. The original statement I responded to was “There is a statute of limitations issue as well”, referring to an audit. The IRS typically has a 3 year limit for assessing taxes, 6 years in some cases, and no SoL for fraud.
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