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Tax

Jun. 10, 2013

Taxpayer responds to IRS 2,545 days late — wins

If the taxpayer misses the deadline, the IRS can proceed to assess and collect the tax. Usually. By Bruce Givner and Owen Kaye


By Bruce Givner and Owen Kaye


You filed your personal tax return - IRS Form 1040 (and the California Form 540) - on time on April 15. Or perhaps you filed an extension and will not file your returns until Oct. 15. In either case, you fervently hope that date is the last time you will have to think about tax year 2012. However, national statistics show that there is a 1 percent chance that any of the 145,000,000 individual taxpayers who file returns might be audit...

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