[MeneMeneTekelUpharsin]

Statute of limitations on taxes owed is 10 years from the due date of the return or the date filed, whichever is later.

That is exactly correct.

[tired&retired]

Unless there is fraud, then there is no statute of limitations.

Even in the fraud cases I have worked on over the years, the IRS still only went back 3 yrs for audits.