ST Alpha - "First thing I would check is that 20 year bullshit. Everywhere I've heard of is only 7 years back. -- nm" (Reading a Post)

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In response to "lir Bery, I mentioned "thinking about filing bankruptcy" and he said "you have to tell me if you're going to do that"..... I said "No, actually I " by CrankYanker

First thing I would check is that 20 year bullshit. Everywhere I've heard of is only 7 years back. -- nm

Posted by Beaker (aka Anniebecca) May 10 '10, 15:57

(No message)

Responses:

unless there was deliberate fraud. -- nm - loosilu May 10, 16:06
What I've heard is that you only need to keep your records for 7 years after filing. But even that could be wrong ... -- nm - Beryllium May 10, 16:04 6
- 7 years is it and then gone (it's what we always told our clients). -- nm - Beaker May 10, 16:07 4
  - federal, yes -- nm - sherlock homie May 10, 16:11 3
    - I assume he's talking about Canadian taxes - Reagen May 10, 16:13
    - In NY state there is no limitation if you did not file at all that year. -- nm - loosilu May 10, 16:12 1
      - well none of the limitations periods are triggered until you actually file a return -- nm - sherlock homie May 10, 16:14
- That's a "general rule of thumb", but how does someone know that this situation isn't going to pop up. -- nm - CrankYanker May 10, 16:06
This is what I really need to check in to and will tell me if the guy is legit. I've always been told 10 years past filing date is the cutoff. - CrankYanker May 10, 16:01 8
- This site says "In California, the statute of limitations for unpaid tax debt is 20 years." - CovingtonCat May 10, 16:05 5
  - Interesting that it doesn't say "after date of assessment" like all the other States. Either way, "fuck me"! 20 years? -- nm - CrankYanker May 10, 16:09 4
    - Blame it on all your rich clients trying to hide their money from the govt. - CovingtonCat May 10, 16:13 3
      - hahaha, "We will clear your debt if you give us information about these millionaires". -- nm - CrankYanker May 10, 16:15 2
        
        Hey, California is home to Let's Make A Deal! -- nm - CovingtonCat May 10, 16:16 1
        
        Switch doors! (nm) - musubi May 10, 16:16
- Two non-negotiable things you MUST do: 1) Contact a lawyer AND your accountant. 2) Contact the agency in CA responsible for collecting taxes. - Burton TWuGster May 10, 16:05 1
  - word -- nm - Beaker May 10, 16:08

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