Six-Year Statute of Limitation Applies to Assessment

The Tax Court held that the six-year statute of limitation of Sec. 6501(e)(1)(A) applied to an assessment of tax based on a distribution from an ESOP because the taxpayer had not adequately disclosed the distribution on his tax return.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/fmRtrQTdTNc/Tax_Trends_Sept2014_02.aspx

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