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by pizzafeelsright
975 days ago
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I'm in California. For the first time in 25 years, my taxes were recalculated. I'm told I owe low five figures from three of the last ten years. California has no limit on how far they can go back. I file taxes with common software. No crazy deductions and mostly W2. I made someone mad or "they" are feeling the capital flight and looking to fill the treasury. |
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California has 4 years from the date you filed your return to issue an assessment. The only exceptions are for substantially underreported liability, which is considered fraud, or where a tax return was not filed. In such cases the statute of limitations is indefinite.
The part where you say "mostly W2" indicates that you had a number of non-W2 sources of income, which is probably where the underreporting arose. (A lot of people fail to properly report 1099 income. A lot of crypto traders fail to properly report crypto sales.)