From a social anthropological perspective we can interpret relationship marketing theories and practices as commodity exchange that instrumentalise features of gift exchange.
Myth: Audits are done immediately. The IRS abides by a statute of limitations of three years after the due date of the return, says Clegg. For âsubstantial errors,â the IRS maintains it can go back six years and recommends you keep most records at least that long.
The IRS gets six years to audit you if it can show a large understatement of income, and if it can show that your return is fraudulent, it can open the audit and assess at any time; there is no statute of limitations on a fraudulent return. The FTB, on the other hand, assesses the increased tax as soon as it smells a problem.