Section 21 Statute of Limitations on Assessments

• Library: Tax Law 2009

Before the 1986 amendments to Missouri’s tax law, Chapter 148, RSMo, did not contain a specific statute of limitations on additional assessments of the bank tax. Although the Director of MoDOR was required to determine the correct amount of tax due “as soon as is practicable” after the filing of a return, § 148.060, then RSMo Supp. 1984, it was doubtful that this limited assessments at any given point. The general five-year statute of limitations on obligations may have applied to these actions. Section...