Failure to Pay Taxes Statute of Limitations
What is the Federal Statute of Limitations for Failure to Pay Taxes?
The statute of limitations for failure to pay taxes, which is a federal crime in the United States, is generally 10 years from the date of the commission of the crime.
According to the Internal Revenue Code, the statute of limitations for the collection of taxes is 10 years from the date on which the tax return was filed, or 10 years from the date on which the tax return was required to be filed, whichever is later. This applies to both criminal and civil actions.
It's important to note that this is a general guideline, and the specific statute of limitations for a particular case of failure to pay taxes may vary depending on the circumstances of the case. It's always best to consult with a tax lawyer or the relevant government agency for specific information on the statute of limitations for a particular case of failure to pay taxes.
Also, it's worth mentioning that the IRS has the ability to assess taxes, penalties, and interest for a failure to pay taxes, even if there is no criminal prosecution, so not paying taxes can have serious consequences.