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Business
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Number of pages / Number of words: |
4 / 864 |
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As a result, if a 2001 return were filed after April 15, 2005, the only tax potentially eligible for a refund would not exceed the tax paid with the return, if the refund claim was filed within three years of the return filing.
According to §6511(a), a claim for refund of an overpayment generally must be filed within three years from the date the return was filed with the IRS or within two years from the date the tax was paid, whichever is later...
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Income tax returns that are filed early are deemed to have been filed on the date the return was due. If no tax return was filed with the IRS, the claim may be made within 2 years from the date that the tax was paid to the IRS. Under section 6511(d)(1) a taxpayer may file a claim within 7 years if the tax refund relates to a bad debt under section 166 or 832(c) or in connection with a loss from a worthless security under section 165(g)...
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