November 3, 2014
As more incidents of aggressive telephone scams continue throughout the country, the IRS unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by imposters posing as tax agency representatives. In a News Release, the IRS reminds taxpayers of actions that scammers often do but the IRS will not do, such as calling to demand immediate payment and asking for credit or debit card numbers over the phone. Remember that the IRS does not call about tax debts owed without first having mailed a notice.
The video is available at www.youtube.com/watch?v=0y5z0kWgBcM
News Release IR-2014-105.
– Thomson Reuters
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The IRS requires you to keep your records that support an item of income or deduction on a return until the period of limitations for that returns runs out. The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax.
Period of Limitations: