Maine § 5270. - Limitations on assessment
Full text of Maine Maine Revised Statutes § 5270. — Limitations on assessment, with citation guidance and answers to common questions.
§ 5270.. Limitations on assessment
1. General.
2. Omission of more than 25% of income. If the taxpayer omits from gross income an amount properly includible therein which is in excess of 25% of the amount of gross income stated in the return, an assessment may be made within 6 years after the return was filed. For purposes of this subsection, there shall not be taken into account any amount which is omitted in the return if such amount is disclosed in the return, or in a statement attached to the return, in a manner adequate to apprise the assessor of the nature and amount of such item.
3. No return filed or fraudulent return.
4. Failure to report federal change.
5. Report of federal change or correction.
6. Extension by agreement.
7. Time return deemed filed.
Frequently Asked Questions About Maine § 5270.
What does Maine Revised Statutes § 5270. cover?
Section 5270. ("Limitations on assessment") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 5270.?
A common citation format is "Maine Revised Statutes § 5270." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 5270. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.