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Sometimes people ‘waive’ the 10 year limit to avoid criminal investigation and prosecution.
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“Sometimes people waive the 10 year limit to avoid criminal investigation and prosecution”
Until 1998 the IRS used these scare tactics to force people to sign the extension. That’s all they were..scare tactics. I never, ever advised a client to sign an extension to the statute and chewed out other CPA’s who did advise their clients to sign.
In 1998 the IRS was forced to stop the scare tactics.