The spirit indeed is willing, but the flesh is weak. Watch and pray, that ye enter not into temptation. The spirit indeed [is] willing, but the flesh weak. Watch and pray, that ye enter not into temptation: the spirit indeed is willing, but the flesh is weak. Watch ye and pray, lest ye enter into temptation. The spirit truly is ready, but the flesh is weak. Watch and pray, that you may not enter into temptation.
The statute of limitations defines the time period during which a refund claim may be filed, an assessment may be. initiated, or a collection activity may occur. The statute of limitations varies by tax type. The income tax and wage. withholding statute of limitations are primarily based on the federal statute of limitations while the statute of limitations. for other taxes is defined solely in Colorado law. The statute of limitations begins running when a tax return is filed.
The statutes of limitations not only limits the IRS in assessing additional tax on returns filed, but it also limits the amount of time you have to claim a refund or credit due. If the three-year deadline for filing has passed, the IRS, by law, cannot issue your refund. As you can see, the statutes of limitations go both ways for the taxpayer and the IRS. The difference is that while the IRS has three years from when the return is due or filed, whichever is later, the taxpayer only has three years from when the return is due.