Robison Law Firm
11353 REED HARTMAN HIGHWAY
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CINCINNATI
,
OH
45241
PHONE: 513-412-3483
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News
Manashi, T.C. Memo. 2018-106: Income omission triggers 6-year limitation period
Journal of Accountancy
Six-year Limitation Applies
By Charles J. Reichert, CPA
The Tax Court held that the six-year statute of limitation applied to three years of tax returns of a married couple, due to their omission of more than 25% of their reported gross income in each of those years. According to the court, the taxpayers did not adequately disclose the omitted income on their tax returns for the three years to avoid the application of the six-year limitation period. Read the full memo.