This question was closed without grading. Reason: No acceptable answer
Oct 17, 2016 06:44
7 yrs ago
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English term
France
It's all about the context
Native in: French (Variant: Standard-France) 
Works in: English to French, French to English, French
Open Tax Year holds
English to French
Bus/Financial
Law: Taxation & Customs
In a policy against money laundering.
The company has two types of holds: legal holds and ***open tax year holds***.
***Open Tax Year (OTY) holds*** are issued by the Tax Staff to support the open tax years subject to audit for the company.
The ***Open Tax Year holds*** ensure the company has all relevant business records needed to support the open audit.
Business records identified in the hold must be retained until the hold is lifted.
Non business records are not subject to ***Open Tax Year holds***.
The company has two types of holds: legal holds and ***open tax year holds***.
***Open Tax Year (OTY) holds*** are issued by the Tax Staff to support the open tax years subject to audit for the company.
The ***Open Tax Year holds*** ensure the company has all relevant business records needed to support the open audit.
Business records identified in the hold must be retained until the hold is lifted.
Non business records are not subject to ***Open Tax Year holds***.
Proposed translations
(French)
| 4 | Crédits d’impôt en cours |
Francois Boye
|
Proposed translations
7 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
12
Crédits d’impôt en cours
“Open tax year” and “closed tax year” are terms that are widely used by tax practitioners. It is important to know what an open tax year is because of the value it holds pertaining to your refund and how long you have left to file for your return. In an open tax year the period of limitations has not expired within which the IRS can access additional tax and/or the taxpayer can file a timely claim for credit or refund of an overpayment in tax. The time span is three years after the initial date of the original deadline.
An example of this is if your 2013 tax return is filed on March 10, 2014. Add three years to this date, March 10, 2017, and that is the date you have until your refund expires. After this the statute of limitations for claiming a refund would have expired. However, you can file for an extension which will extend the period of claiming refunds and will give you extra time past the three years. There are some exceptions to the three year statute of limitations such as when taxpayers are unable to manage their finances due to physical or mental impairments and taxpayers who have seven years to claim a refund because of deductions for bad debt or worthless securities.
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Note added at 11 hrs (2016-10-17 18:17:07 GMT)
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EN COURS = EN VIGUEUR
An example of this is if your 2013 tax return is filed on March 10, 2014. Add three years to this date, March 10, 2017, and that is the date you have until your refund expires. After this the statute of limitations for claiming a refund would have expired. However, you can file for an extension which will extend the period of claiming refunds and will give you extra time past the three years. There are some exceptions to the three year statute of limitations such as when taxpayers are unable to manage their finances due to physical or mental impairments and taxpayers who have seven years to claim a refund because of deductions for bad debt or worthless securities.
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Note added at 11 hrs (2016-10-17 18:17:07 GMT)
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EN COURS = EN VIGUEUR
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