IRS Violates Statute Of Limitations, Lawyer Ducks Tax Debt

Law360, New York (February 12, 2014, 7:28 PM EST) -- The U.S. Tax Court on Wednesday said the Internal Revenue Service could have collected more than $250,000 from a lawyer after he ducked paying taxes on an employee stock ownership plan, but the IRS bungled the case by violating the statute of limitations.

Judge Carolyn P. Chiechi said that filed tax returns that outlined the employee stock ownership plan put the IRS on notice that the plan in question was subject to excise taxation, but the agency failed to begin collection until three years after the statute of limitations ran out.

"The date on which the secretary was notified …of the...

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