The National Directory of Certified Public Accountants

Ask A CPA - Late Filing

Can The IRS Assess Additional Tax For Missing Income From 5 Years Ago?

Generally, the IRS has three years after the date your return is filed to assess additional taxes. If you fail to report an item of income which is more than 25% of the gross income you reported on your tax return, then the IRS has six years after the return is filed to assess additional taxes. If the IRS can prove a fraudulent return was filed, then there is no time limit to assess additional taxes.

If you need professional help with "Late Filing" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.