In the Greek myth of Orpheus and Eurydice, the musician Orpheus descends into the realm of the dead, trying to save Eurydice from a lethal snakebite.
He reclaims Eurydice and is on the verge of exiting the underworld - but then glances back for a glimpse of her beautiful face. But Pluto, the king of the underworld, had cautioned him not to look back. And with that one fateful look back, he lost his beloved forever.
IRS lookback provisions are seldom as dramatic as this. But for anyone who is facing IRS scrutiny, it is important to know how far back the taxman can go in trying to detect tax evasion, tax fraud or other compliance irregularities. In this post, we will discuss that issue.