Tax Problems Explained
Can the IRS Reopen Old Tax Returns Years Later?
13:31
Episode Summary: In this episode of Tax Problems Explained, host Leann Lyon is joined by Lawrence T. Ullmann, an attorney, CPA, and former IRS agent, to discuss the complexities surrounding the IRS's ability to reopen previously filed tax returns. Lawrence explains the general three-year statute of limitations for the IRS to examine returns, but highlights exceptions such as substantial…