Congress has effectively overruled the Supreme Court in extending the statute of limitations for auditing certain types of tax returns.

Tax preparers are generally familiar with the three-year statute of limitations, under which the IRS has three years to assess income, employment, or estate or gift tax due after a return is filed. And they know that the three years can be doubled to six years if the amount that is omitted from gross income is more than 25% of gross income stated in the return.

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