If a nonprofit wants to amend its tax return, for example, the organization has three years from the original filing date, though amending a Form 990 does not restart the clock on the statute of ...

There is a three year statute of limitations on assessing additional tax from a valid return. If there is an understatement of gross income of more than 25%, though, a six year statute applies.

An amended tax return that does not report a net increase in tax does not trigger an extension of the statute of limitations.

Under Code Section 6511 (c), extending the statute of limitations on assessment also extends the period for filing a claim for credit or refund to six months after the expiration of the extended ...

The Senate Judiciary Committee earlier this week removed controversial language from the bill, to the dismay of advocates.

If the initial return is filed between April 16 and July 15, 2020, then both statutes begin on the exact date the return is filed. (The return for purposes of Sec. 6511 is the initial return; neither ...

An amended return is a form filed in order to make corrections to a tax return from a previous year.

Statute of Limitations Determination Made by the Department Prior to June 30, 2016: A taxpayer that received a notification from the Department prior to June 30, 2016 that an amended return or ...

For decades, the New Jersey Legislature has enacted and amended statutes of limitations applying to a wide variety of civil claims to balance competing noble protections of plaintiffs and ...

Keep in mind that if your original return doesn’t accurately report the correct tax, you are still liable for interest and penalties if the amended return requires an additional payment of tax.