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Mar. 24, 2010

How the Statute of Limitations Impacts Your Taxes

Why the statute of limitations is important for tax purposes.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

See more...

By Robert Wood

With April 15 looming, everyone worries about tax filings. Even though you can obtain an automatic extension, these merely extend the time for filing your tax returns, not for paying your taxes. So taxes should be on everyone's mind.

However, I'd suggest you also consider your old tax returns, and what tax years will soon be beyond the statute of limitations. All lawyers should be used to thinking about statutes of limitation. Serendipit...

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